In 2024, AI companies raised billions, led by OpenAI ($6.6B) and xAI ($6B), with investments focused on infrastructure, advanced models, and specialized applications in fintech, education, and cybersecurity.
Key investments include OpenAI raising $6.6 billion at a $157 billion valuation, xAI securing $6 billion at a $50 billion valuation, and CoreWeave raising $1.1 billion for expanding computational power.
Industry-specific AI solutions gained traction, with Skild AI raising $300 million for education platforms, Cyera securing $300 million for cybersecurity, and Poolside raising $500 million for fintech advancements.
Trends in 2024 AI investment include massive infrastructure scaling, growing valuations, a shift towards specialized AI solutions, and cross-sector transformation fueled by AI tools.