Fortune’s Post

The AI sector went on a massive tear last year, and there are few signs the pace will slow anytime soon. For investors, this presents a dilemma. While plenty of public companies offer exposure to AI—from chip giant Nvidia to the utilities that power massive sets of data—their sky-high share prices pose a risk of buying at the top. But what about AI firms that have yet to go public? That’s where all the action seems to be, as companies like OpenAI attract the world’s top venture capital firms with record-breaking funding rounds—a process that mostly excludes everyday investors. Venture capitalists may have the inside track when it comes to the likes of OpenAI, but the coming months are still poised to offer other intriguing new AI investments. Not only are more AI startups ready for the big time, but after a spell when uncertain economic conditions forced firms to stay private, a new era of public offerings is underway. ... I had a great time helping Leo Schwartz with this story for the latest edition of Fortune Magazine. Thank you to Bradley Tusk, Joseph A. Endoso, and Garrett Hinds for chatting with me and lending their insight. Click below for a preview of the AI IPO market in 2025, and don't forget to check out the rest of the February/March issue!

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.

Funding to AI companies more than doubled QoQ to $24B — representing 30% of all dollars invested, the largest quarter for AI funding in recent years. And there are signs that larger M&A deals increased in Q2, providing much-needed liquidity to VC markets.