The logos of Google Gemini, ChatGPT, Microsoft Copilot and Claude by Anthropic are displayed on the screen of a smartphone. ( Jaque Silva / NurPhoto via Getty Images) The excitement around artificial intelligence led to a record year for certain types of fundraising. Silicon Valley’s AI companies secured record funding in 2025, even as investors advised startups to shore up as much capital as possible before a potential AI bust. The largest private U.S. companies raised a record $150 billion in 2025, ov ...