AI’s next capital phase combines large-scale deals, selective venture funding, and rising expectations for measurable returns.
AI’s Next Capital Chapters – SwissCognitive AI Investment Radar
The global AI investment landscape in late Q3 continues to form around infrastructure megadeals, operational integration, and investor confidence in select vertical applications. While venture funding remains concentrated in large rounds, institutional interest and capital allocation show a broader willingness to bet on differentiated platforms, compute capabilities, and use-case-specific innovation.
AMD and OpenAI announce multibillion-dollar chip deal, sending AMD shares up 30% and signalling a strategic diversification in OpenAI’s supplier base. The move arrives just as OpenAI’s computing deals top $1 trillion, raising questions about long-term funding mechanisms for model scaling. Infrastructure expansion remains a recurring theme: Centersquare’s $1bn investment in data centres aims to support growing AI demand, while Datavault AI adds $150M in BTC to its balance sheet to fund its AI expansion.
Strategic partnerships are shaping AI operations. Stellantis deepens integration with Mistral AI, embedding AI across its product and service stack. Algen Biotechnologies partners with AstraZeneca to drive target discovery in immunology via single-cell gene modulation. On the enterprise side, DualEntry raises $90 million to challenge incumbents in ERP software, and Increase Alpha secures $3.5M to scale predictive AI for institutional trading.
The venture capital segment is seeing both record concentration and diversification. AI startups dominated global VC funding in Q3, representing nearly half of the $97 billion deployed, with megadeals propping up sectoral performance amid a broader slowdown. Harvey’s €50M raise from EQT Growth adds to the growing list of specialised legaltech AI bets. Elsewhere, Circuitry.ai and GreyLabs AI secured early-stage funding to expand their niche platforms.
Investor sentiment remains strong. Goldman Sachs raises Nvidia’s price target to $210, citing sustained AI momentum. MAI closes a $25M round to build out AI agents for digital ads, while Nakatomi’s $3.5M raise reflects growing interest in venture studio models. More focused applications continue to draw support, with Scindo securing £4 million for enzyme discovery and Hong Kong-based China Financial Leasing Group planning an $11 million crypto-backed push into digital assets.
Amid all this, one clear tension is emerging: between AI’s demand for capital-intensive infrastructure and the growing call for measurable ROI. Thomson Reuters’ 2025 ROI of AI report and recent commentaries on judgment vs. automation in investing signal a shift toward outcome-driven evaluation. This edition of the Radar maps the resulting terrain—one where capital still flows, but with sharper expectations.
Previous SwissCognitive AI Radar: Core Deals and Capital Signals.
Our article does not offer financial advice and should not be considered a recommendation to engage in any securities or products. Investments carry the risk of a decrease in value, and investors may potentially lose a portion or all of their investment. Past performance should not be relied upon as an indicator of future results.
AI’s next capital phase combines large-scale deals, selective venture funding, and rising expectations for measurable returns.
AI’s Next Capital Chapters – SwissCognitive AI Investment Radar
The global AI investment landscape in late Q3 continues to form around infrastructure megadeals, operational integration, and investor confidence in select vertical applications. While venture funding remains concentrated in large rounds, institutional interest and capital allocation show a broader willingness to bet on differentiated platforms, compute capabilities, and use-case-specific innovation.
AMD and OpenAI announce multibillion-dollar chip deal, sending AMD shares up 30% and signalling a strategic diversification in OpenAI’s supplier base. The move arrives just as OpenAI’s computing deals top $1 trillion, raising questions about long-term funding mechanisms for model scaling. Infrastructure expansion remains a recurring theme: Centersquare’s $1bn investment in data centres aims to support growing AI demand, while Datavault AI adds $150M in BTC to its balance sheet to fund its AI expansion.
Strategic partnerships are shaping AI operations. Stellantis deepens integration with Mistral AI, embedding AI across its product and service stack. Algen Biotechnologies partners with AstraZeneca to drive target discovery in immunology via single-cell gene modulation. On the enterprise side, DualEntry raises $90 million to challenge incumbents in ERP software, and Increase Alpha secures $3.5M to scale predictive AI for institutional trading.
The venture capital segment is seeing both record concentration and diversification. AI startups dominated global VC funding in Q3, representing nearly half of the $97 billion deployed, with megadeals propping up sectoral performance amid a broader slowdown. Harvey’s €50M raise from EQT Growth adds to the growing list of specialised legaltech AI bets. Elsewhere, Circuitry.ai and GreyLabs AI secured early-stage funding to expand their niche platforms.
Investor sentiment remains strong. Goldman Sachs raises Nvidia’s price target to $210, citing sustained AI momentum. MAI closes a $25M round to build out AI agents for digital ads, while Nakatomi’s $3.5M raise reflects growing interest in venture studio models. More focused applications continue to draw support, with Scindo securing £4 million for enzyme discovery and Hong Kong-based China Financial Leasing Group planning an $11 million crypto-backed push into digital assets.
Amid all this, one clear tension is emerging: between AI’s demand for capital-intensive infrastructure and the growing call for measurable ROI. Thomson Reuters’ 2025 ROI of AI report and recent commentaries on judgment vs. automation in investing signal a shift toward outcome-driven evaluation. This edition of the Radar maps the resulting terrain—one where capital still flows, but with sharper expectations.
Previous SwissCognitive AI Radar: Core Deals and Capital Signals.
Our article does not offer financial advice and should not be considered a recommendation to engage in any securities or products. Investments carry the risk of a decrease in value, and investors may potentially lose a portion or all of their investment. Past performance should not be relied upon as an indicator of future results.
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