March continued to demonstrate strong AI investment activity, with $47 billion raised across 110 transactions, slightly down from February’s 115 deals but maintaining robust momentum. OpenAI led the month with a record-breaking $40 billion growth round, driven by SoftBank, marking the largest capital raise by a private tech company. Meanwhile, Elon Musk’s xAI made headlines with its $33 billion acquisition of X, integrating real-time social data to enhance AI training. Nvidia and xAI’s partnership with BlackRock on a $30 billion AI Infrastructure Partnership further underscored the sector’s focus on scalable and energy-efficient data centers powered by renewable energy. TSMC’s announcement of a $100 billion U.S. chip manufacturing expansion highlighted significant advancements in AI hardware capabilities, while CoreWeave’s successful $1.5 billion IPO amid market volatility demonstrated investor confidence in AI’s transformative potential across industries.
Stepmark Partners 