CB Insights tracks global venture funding on a quarterly basis, and its State of AI reports have become a standard reference for how much capital is actually flowing into the sector versus how concentrated that capital has become. The Q2 2026 edition finds that 89 percent of all AI funding that quarter went to just 142 mega-rounds, with Anthropic alone accounting for three of the five largest financings.
The report also notes that AI recorded its strongest quarter for new unicorn creation since Q2 2022, even as overall venture deal count across the market hit its lowest point in more than a decade - a pattern consistent with capital concentrating in fewer, larger bets rather than spreading across a broader set of new companies.