AI Capital Concentration Defined the Week

AI startups captured 87.5% of venture dollars as River AI, Thrive and Databricks raised capital at extraordinary scale. The market also rewarded proven AI traction, with Lovable reaching a $13.3 billion valuation alongside $500 million in annualized revenue.

At the sector's upper end, OpenAI completed a $7 billion share sale while Anthropic began preparing investors for a possible IPO. The week's recurring non-AI financing story was ApartmentIQ's $25 million round, underscoring the gap between specialized startups and AI's funding surge.