How VC money has flowed to AI by year and layer of the stack 👇 Some takeaways: - Heavy concentration. OpenAI and Anthropic took 43% of all startup funding in the first half of 2026, across every sector. - One Anthropic round ($65B) was bigger than all model-lab funding in 2023 and 2024 combined. - The pace is wild. Q1 2026 alone ($242B) beat all of 2025 ($211B), and 2026 is already about 4x 2024 with a quarter to go. - Model labs went from a quarter to over half of funding. They took…