Venture capitalists poured US$192.7 billion into artificial intelligence start-ups so far this year, setting new global records and putting 2025 on track to be the first year in which more than half of total VC dollars went into the industry, according to data provider PitchBook. Most of the capital went to established start-ups – Anthropic and xAI both raised billions in funding this quarter – while some other lesser-known upstarts struggled, especially companies that are not focused on AI. The...