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AI venture capital funding surpassed $500 billion in the first nine months of 2026, eclipsing all of 2025 totals. However, the third quarter saw a sharp slowdown with deal value falling 43.4% to $94.3 billion. Databricks led the quarter's fundraises with a $5 billion round at a $185 billion valuation, while SpaceX acquired Anysphere for $60 billion.
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