Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate.
42% of U.S. venture capital was invested into AI companies in 2024, up from 36% in 2023 and 22% in 2022.
As of 2024, 20 AI companies have each raised $2 billion or more.
HSBC Innovation Banking expects new waves of growth and tailwinds for returns in the U.S. tech sector due to changes in the acquisition market, deregulation, and fiscal policies.