VCs look to AI data centers, local LLMs, and domain models for growth

News Snapshot:

Looking to break out of the slowdown in deal activity and exit values, venture capital firms are going all in on emerging AI opportunities that show the potential to deliver long-term growth. Pitchbooks’ latest Artificial Intelligence and Machine Learning Report released today reflects the continued challenges VCs face, starting with dropping deal activity and exit values. Pitchbook’s analysis shows AI data centers, local large language models (LLMs) and domain-specific foundation models are three of the many growth catalysts VCs need to keep their firms growing and delivering returns. More market turbulence for VCs AI and machine learning (ML) deal activity...