PitchBook：2025年一季度人工智能和机器学习风险投资趋势报告（英文版）

AI captured one in every four VC dollars globally in 2024, a trend likely to accelerate as adoption deepens and infrastructure scales. Capital continues to flow into both horizontal platforms such as OpenAI and Anthropic and sector-specific vertical applications built on top of them. Falling development costs at the application layer are fueling record deal volume even as funding remains concentrated at the top. This report breaks down the split between platform and application layers, recent