> Evidence that large VC rounds are getting very concentrated on AI (specifically the kind where you need to buy lots of NVIDIA gear).

The most recent $1B+ funding rounds:

Zipline - Nov 5 - $1.5B

HUMAIN - Nov 3 - $2.6B

Fal - Nov 3 - $1.3B

OpenAI - Oct 31 - $11B

Kalshi - Oct 29 - $1B