【Funding for Generative AI Projects Reaches New High in 2024, Raising $56 Billion】On January 5, according to data compiled by financial tracker PitchBook for TechCrunch, generative artificial intelligence companies worldwide raised $56 billion from venture capital in 2024, involving 885 transactions. This total cash amount sets a new record in the field. Compared to 2023, this represents a growth of 192%, when investors contributed $29.1 billion to generative AI startups in 691 transactions. Notably, the transaction value in the fourth quarter of 2024 soared to $31.1 billion, primarily due to the completion of several large financings, such as Databricks' $10 billion Series J funding, xAI's $6 billion Series C funding, Anthropic's $4 billion strategic investment from Amazon, and OpenAI's $6.6 billion funding.