A significant portion of startups in Peak XV's latest Surge cohorts are focusing on artificial intelligence (AI), highlighting the growing interest in AI technology. According to Rajan Anandan, Managing Director at Peak XV, the company is actively supporting young AI companies. In related news, substantial investments are being made in AI startups globally. In the first half of 2024 alone, more than $35.5 billion was invested into AI startups. Additionally, a list of 28 US AI startups has been revealed, each having raised $100 million or more in 2024. The high costs associated with AI development, including expenses for top talent, specialized hardware, and massive datasets, are driving investment figures sky-high. AI models costing $1 billion to train are already underway, with $100 billion models expected soon. This trend underscores the bullish sentiment of venture investors towards AI innovation.