The Trillion-Dollar Illusion?
OpenAI disclosed $122 billion in committed financing at an $852 billion post-money valuation in March 2026.
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OpenAI disclosed $122 billion in committed financing at an $852 billion post-money valuation in March 2026.
The global private credit industry expanded to approximately $1.8 trillion in 2024, directly competing with the $1.4 trillion leveraged loan and $1.3 trillion high-yield bond markets.
Artificial intelligence captured 65.4 percent of all deal value, driven by 487 mega-deals of $100 million or more that accounted for 67 percent of total value.
In Q4 2025, $91.6 billion was deployed across an estimated 4,482 VC deals in the US market.
In Q2 2025, VC firms deployed $69.9 billion across an estimated 4,001 deals, marking a 24.8% QoQ decline in total deal value.