The Invisible 202 Billion AI Boom SEC Data Missed

AI startups pulled in $202 billion in 2025—literally half of all global venture funding—and the SEC categorizes it as "Other Technology" because there's no official AI classification. Two companies, OpenAI and Anthropic, now represent 14% of the entire global venture market, which is nearly double the concentration we saw at the peak of the 2021 bubble. While most firms wait for official data that can't even distinguish AI infrastructure from e-commerce software, the ones winning are building proprietary tracking systems and seeing deals three to six months before they hit mainstream databases.