Investments in generative AI (technologies that create text, images, video, speech, music, and much more) reached unprecedented heights last year. According to data from the financial tracker PitchBook, generative AI companies worldwide attracted $56 billion from venture capitalists in 2024, writes digitalbusiness.kz

This is a record

The volume of investments set a new record for the segment, increasing by a whopping 192% compared to 2023, when investors put $29.1 billion into generative AI startups.

"We are seeing a continued influx of funds into generative AI, as giants like OpenAI, Anthropic, and xAI continue to receive large investments and release new products," notes Ali Javaheri, a new technology analyst from PitchBook.