$1T combined valuation of 10 major AI startups

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> 10 AI firms now valued at ~$1T combined

> absorbed $78.5B till now (+$100B including OpenAI x Nvidia compute deal)

> these 10 account for ~37% of global private AI unicorn valuation ($2.7T total acc. CB Insights)

> only 3 generate multi-billion ARR: OpenAI, Anthropic, Databricks

> Figure, Safe Superintelligence, Thinking Machines still pre-revenue & pre-product

> valuations often bundled with compute infra + capital seen as strategic positioning - compute access, model integration, defensive leverage

> FT, CNN: bubble narrative growing - but it’s institutional, not retail; built on upstream capital flows, not hype cycles

> Epoch: current AI investment far below optimal - $500B committed vs. $25T modeled need by 2025; too little, not too much

> CB Insights (2025): AI-agent startups scaling revenue faster than any previous SaaS generation

> customer-service agents command steepest valuation multiples (≈127× avg) vs ≈52× overall

> most revenue still flows from enterprise-workflow & coding agents

> average age <5 years, with roughly half founded post-2022

> projected to reach $13B in annual revenue by end-2025, up from $5B in 2024

> Mercor ($4.5M per employee) & Cursor ($3.2M per employee) now match Big-Tech efficiency (Nvidia $3.6M, Meta $2.2M)

> other reports valued agentic AI market at $25B – $50B by 2030; McKinsey projects boldest + most recent revenue forecast yet

> BCG (2025): >50% consumers plan to use AI shopping assistants by year end; agent traffic ↑ 4,700 % YoY (Jul 2025 US retail)

> Salesforce: 43% retailers piloting, with 53% evaluating autonomous agents

> mainstream rollout also in action: OpenAI Instant Checkout, Perplexity “Buy with Pro”, Google AP2 Payments - enabling direct, in-chat purchases

> ~$100M+ funding into next-gen retail agents (TinyFish, Envive, Basis Theory etc.) focused on automation & payments infrastructure

> delegated commerce expected to stick, agents already buy & pay on existing rails