PitchBook reports that VCs have poured $192.7 billion into the industry so far this year, out of a total $366.8 billion. In the most recent quarter, AI accounted for 62.7% of the money invested by U.S. VCs, and for 53.2% of money invested by global firms.

That puts 2025 on track to be the first year where more than half of total VC dollars go into the AI industry, according to PitchBook data.

PitchBook reports that VCs have poured $192.7 billion into the industry so far this year, out of a total $366.8 billion. In the most recent quarter, AI accounted for 62.7% of the…