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VCs look to AI data centers, local LLMs, and domain models for growth
Pitchbook's analysis shows AI data centers, local large language models (LLMs) and domain-specific foundation models are three of the many growth catalysts VCs need to keep their firms growing and delivering returns.
Looking to break out of the slowdown in deal activity and exit values, venture capital firms are going all in on emerging AI opportunities that show the potential to deliver long-term growth. Pitchbooks’ latest Artificial Intelligence and Machine Learning Report released today reflects the continued challenges VCs face, starting with dropping deal activity and exit values. Generative AI leaders raised $6 billion in Q4, 2023 alone, across 194 deals, largely supported by Microsoft, Google and other tech giants looking to gain access to the latest LLM technologies.
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