US AI investment is world crushing
Also: Why is Anthropic more expensive than OpenAI?
📈 Trending Up: Power demand in Georgia … wait, you can do that? … IPO dreams … babies-for-cash … pets … Russian oil depots …
📉 Trending Down: EV prices … quantum computing stocks … ADP employment numbers … comity at Meta … caring for one another … Spa-Francorchamps … home insurance availability in California … being warm …
WhatNot: I had never heard of WhatNot before reading that it just raised $265 million at a nearly $5 billion valuation. It turns out to be niche-focused livestream selling platform. At first, that explanation did not help. Why would that be worth $5 billion? Then I recalled that TikTok might get banned. Leaving the US market pretty open for another platform to come in and snag that market. I am filing this one under the ‘regulatory arbitrage’ category, even if WhatNot is a fine business in its own right.
US AI investment is world crushing
The fine folks over at PitchBook have first-look data from Q4, giving us a good look into the venture capital world as it wrapped 2024. There’s more to discuss here, so expect more charts in the coming days, but I want to highlight one thing for you this morning: The US is kicking in the world’s teeth when it comes to AI investment.
This is a chart I pulled from the first-look tables from PitchBook reports (PB worked with the NVCA on US data). See if you can spot where we’re going today:
Why yes, we are going to calculate the percentage share of global AI/ML venture investing that the United States controls: