AI venture funding continued to surge in third quarter, data shows

As the rush towards AI-related companies continues on Wall Street, data from Crunchbase showed on Monday that the sector enjoyed a bulk of venture funding in the third quarter, with names including Anthropic raking in billions.

By the numbers

Global venture funding in the third quarter increased 38% year-over-year to $97 billion, increasing slightly from $92 billion in the second quarter.

About 46% of global venture funding for the third quarter went towards funding AI companies, with 29% invested in solely Anthropic.

The three largest venture rounds…