The rapid increase in venture capital (VC) funding is reshaping AI startups and global innovation, driving unprecedented growth and opportunities.AI startups have raised $48.4 billion in 2024 alone, marking a 25% increase from the previous year.The rise of AI has led to a competitive landscape, with machine learning startups raising $113.6 billion, followed by AI software and IT startups.VC funding is playing a crucial role in the global race to lead in AI, with countries like the US, Europe, and Asia vying for dominance.