AI funding hit $297 billion in Q1 2026, capturing 81% of all venture activity. Anthropic, OpenAI, and Alphabet lead a capital arms race reshaping markets.

OpenAI's $122B round and Anthropic's $65B raise are forcing venture capital firms to compress fund cycles and return capital to LPs faster than ever.

AI funding hit $297 billion in Q1 2026, capturing 81% of all venture activity. Anthropic, OpenAI, and Alphabet lead a capital arms race reshaping markets.