technology-investing

Three companies raised $156B in February 2026 — 83% of all global VC that month. While markets compare it to 1999, the structural reality tells a different story.

OpenAI, Anthropic, and Waymo raised $156 billion across seven weeks—the most concentrated AI capital deployment on record. The funding blitz occurred during heightened geopolitical tensions when investors typically retreat from risk assets. The capital concentration creates a two-tier market favoring mega-funded companies while pressuring smaller competitors.