OpenAI breaking the funding charts Generative AI companies had seen a relatively slow and steady in昀氀ux of funding since 2019, reaching peaks in 2022 of $2B invested in the United States and $0.5B invested in Europe. Then OpenAI happened. With a whopping $10B of investment raised in a single round, OpenAI’s latest round skyrocketed the theme’s total funding in US in 2023 to $16B. An extreme example of the impact one or two outlier companies can have on the ecosystem. Capital invested ($B) in GenAI in respective regions, 2019 to 2023 Europe US 18 16 14 )12 B $ ( d e10 t s e v n i l8 a t i p a C6 4 2 0 2019 2020 2021 2022 2023YTD Notes: Sources: Data is as of 30 September 2023. Excludes the follow- ing: biotech, secondary transactions, debt, lending capital, and grants. 151 | Companies