Report: Artificial Intelligence
Current Trends and Figures

Our latest Artificial Intelligence report for 2H2025 highlights the sector’s continued fundraising resurgence, with deal activity reaching one of the strongest half-year performances on record. Following the slowdown in 2022–23, AI fundraising has regained momentum, powered by soaring demand for vertical applications and the proliferation of open-source models that have lowered barriers for startups.

Generative AI remains the dominant force, securing the largest share of investment, while Machine Learning continues to attract substantial attention and capital. Alongside these, subsectors such as Predictive Analytics and Intelligent Systems are adding to the sector’s breadth, even as investors increasingly concentrate resources on late-stage mega-rounds and PE-backed scale-ups. At the same time, the number of seed and early-stage transactions has risen sharply, reflecting the vibrancy of the startup pipeline and a “barbell” investment strategy that favours both innovation and proven scalability.

Corporate investors are playing a decisive role in shaping the market, acquiring strategic stakes to secure technology leadership and accelerate adoption. Looking ahead, the anticipated IPOs of leading AI labs could mark the beginning of a new wave of blockbuster listings, further unlocking liquidity and recycling capital into the ecosystem.

Key topics addressed in the report include:

• Trends and analysis of global AI fundraising
• Subsector breakdown: Generative AI, Machine Learning, Predictive Analytics and more
• Investor activity and most notable deals
• M&A activity and trends
• Insights into valuation dynamics and the outlook for 2026