Everything on Capital Concentration

Four mega-deals (OpenAI, Anthropic, xAI, Waymo) raised $188 billion collectively, accounting for 63% of total quarterly funding.

Impact: Highlights extreme risk concentration in late-stage AI and autonomous tech; mid-market startups may face relative capital scarcity despite total volume growth.

— from Q1 2026 VC Surge, Microsoft AI Models, Creator Shift · TechCrunch Daily Crunch· Apr 03, 2026