The venture capital landscape is undergoing a significant transformation, characterized by increased investment dollars but fewer deals, especially outside the AI sector. Late 2024 saw a rebound in venture capital, primarily driven by large AI companies like OpenAI, Anthropic, and Databricks, which attracted substantial funds. Notably, 44% of all venture capital is now directed towards AI, while non-AI startups face rising challenges in securing funding unless they show extraordinary growth. This trend indicates a concentration of capital into larger AI deals, resembling the SaaS B2B boom of 2021 but with a distinct focus on artificial intelligence.