Venture Capital Hit a Record in Q1 2026. Four Companies Took 64% of It.
4 min readGlobal VC investment hit $297 billion in Q1 2026 — a new all-time quarterly record — with AI accounting for 81% of the total. Four companies (OpenAI, Anthropic, xAI, and Scale AI) took 64% of that capital. The concentration raises a structural question about what kind of AI ecosystem is actually being built.