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Fortune

Carl Fritjofsson, Cameron Sellers

Four AI giants just raised $188 billion. Here’s how to survive the Big AI-pocalypse

United States Anthropic OpenAI

dario (Credit: Jason Henry/Bloomberg via Getty Images)

Q1 2026 was a bumper quarter in venture capital. Investors deployed $300 billion of fresh capital, more than double the previous quarter and surpassing 70% of all venture spending in 2025.

The devil is, of course, in the detail: $188 billion of that cash went to four companies – OpenAI, Anthropic, xAI, and Waymo – accounting for 60% of all venture capital deployed in Q1.

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