Today’s the day! TechCrunch Sessions: AI is lighting up UC Berkeley’s Zellerbach Hall at 8 a.m. PT on the dot. The stage is set, the speakers are ready, and the AI community is gathering for one powerful day of insight, innovation, and momentum. Loca

Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s compared with $6.4 billion that VC firms invested in European AI ventures across 742 deals across the same period. Asia-based startups have fared a bit worse than their European counterparts, according to PitchBook. Between February and May, VCs invested just $3 billion in Asia-based AI startups across 515 deals. Under President Donald Trump, the U.S. has dramatically cut funding to scientific grants related to basic AI research, made it more difficult for foreign students specializing in AI to study in the U.S., and threatened to dismantle university-housed AI labs by freezing billions of dollars in federal funds. The administration’s trade policies, meanwhile, including its retaliatory tariffs, have led to a chaotic market unfavorable for risky new AI ventures. In a post on X in March, AI pioneer and Nobel Laureate Geoffrey Hinton called for billionaire Elon Musk, who until recently advised Trump’s cost-cutting group, the Department of Government Efficiency, to be expelled from the British Royal Society “because of the huge damage he is doing to scientific institutions in the U.S.” One might expect that Europe, which has pledged to become a global leader in AI, would attract more venture capital in light of Trump’s controversial policies in the U.S., which have created uncertainty and confusion for founders, investors, and researchers alike. Moreover, the EU has committed hundreds of billions of euros to support the development of AI within its member countries and already has a number of successful, well-funded AI startups in its ranks (see Mistral, H, and Aleph Alpha, to name a few). But that anticipated shift in global investment hasn’t come to pass. There isn’t any sign of a mass VC exodus to the bloc, or of significant upticks in AI funding overseas — at least not yet. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you’ve built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | June 5 REGISTER NOW The same is true for China, which has spawned high-profile AI startups like DeepSeek and Butterfly Effect — the company behind the agentic platform Manus — but where VC activity in the country and the broader Asian region remains relatively austere. (Export controls impacting the ability of certain Asian countries to procure AI chips are almost certainly a factor.) In 2024, North American startups secured 75.6% of all VC AI funding — $106.24 billion. That share has only increased this year. So far in 2025, North American AI investments represent 86.2% ($79.74 billion) of all VC funding for AI globally. It paints a somewhat surprising picture. Even amid mounting political and regulatory headwinds under Trump’s second term, the U.S. remains the undisputed center for AI capital, meaning investors, fatigued as they may be by the administration’s unpredictability, are still counting on U.S. innovation to deliver the biggest returns, at least for now.

In a Bloomberg interview Wednesday night in downtown San Francisco, Alphabet CEO Sundar Pichai pushed back against concerns that AI could eventually make half the company’s 180,000-person workforce redundant. Instead, Pichai stressed the company’s commitment to growth through at least next year. “I expect we will grow from our current engineering phase even into next year, because it allows us to do more,” Pichai said, adding that AI is making engineers more productive by eliminating tedious tasks and enabling them to focus on more impactful work. Rather than replacing workers, he referred to AI as “an accelerator” that will drive new product development, thereby creating demand for more employees. Alphabet has staged numerous layoffs in recent years, though so far, cuts in 2025 appear to be more targeted than in previous years. It reportedly parted ways with less than 100 people in Google’s cloud division earlier this year and, more recently, hundreds more in its platforms and devices unit. In 2024 and 2023, the cuts were far more severe, with 12,000 people dropped from the company in 2023 and at least another 1,000 employees laid off last year. Looking forward, Pichai pointed to Alphabet’s expanding ventures like Waymo autonomous vehicles, quantum computing initiatives, and YouTube’s explosive growth as evidence of innovation opportunities that continually bubble up. He noted YouTube’s scale in India alone, with 100 million channels and 15,000 channels boasting over one million subscribers. At one point, Pichai said trying to think too far ahead is “pointless.” But he also acknowledged the legitimacy of fears about job displacement, saying when asked about Anthropic CEO Dario Amodei’s recent comments that AI could erode half of entry-level white collar jobs within five years, “I respect that . . .I think it’s important to voice those concerns and debate them.” As the interview wrapped up, Pichai was asked about the limits of AI, and whether it’s possible that the world might never achieve artificial general intelligence, meaning AI that’s as smart as humans at everything. He quickly paused before answering. “There’s a lot of forward progress ahead with the paths we are on, not only the set of ideas we are working on today, [but] some of the newer ideas we are experimenting with,” he said. “I’m very optimistic on seeing a lot of progress. But you know,” he added, “you’ve always had these technology curves where you may hit a temporary plateau. So are we currently on an absolute path to AGI? I don’t think anyone can say for sure.” Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you’ve built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | June 5 REGISTER NOW

Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s compared with $6.4 billion that VC firms invested in European AI ventures across 742 deals across the same period. Asia-based startups have fared a bit worse than their European counterparts, according to PitchBook. Between February and May, VCs invested just $3 billion in Asia-based AI startups across 515 deals. Under President Donald Trump, the U.S. has dramatically cut funding to scientific grants related to basic AI research, made it more difficult for foreign students specializing in AI to study in the U.S., and threatened to dismantle university-housed AI labs by freezing billions of dollars in federal funds. The administration’s trade policies, meanwhile, including its retaliatory tariffs, have led to a chaotic market unfavorable for risky new AI ventures. In a post on X in March, AI pioneer and Nobel Laureate Geoffrey Hinton called for billionaire Elon Musk, who until recently advised Trump’s cost-cutting group, the Department of Government Efficiency, to be expelled from the British Royal Society “because of the huge damage he is doing to scientific institutions in the U.S.” One might expect that Europe, which has pledged to become a global leader in AI, would attract more venture capital in light of Trump’s controversial policies in the U.S., which have created uncertainty and confusion for founders, investors, and researchers alike. Moreover, the EU has committed hundreds of billions of euros to support the development of AI within its member countries and already has a number of successful, well-funded AI startups in its ranks (see Mistral, H, and Aleph Alpha, to name a few). But that anticipated shift in global investment hasn’t come to pass. There isn’t any sign of a mass VC exodus to the bloc, or of significant upticks in AI funding overseas — at least not yet. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you’ve built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | June 5 REGISTER NOW The same is true for China, which has spawned high-profile AI startups like DeepSeek and Butterfly Effect — the company behind the agentic platform Manus — but where VC activity in the country and the broader Asian region remains relatively austere. (Export controls impacting the ability of certain Asian countries to procure AI chips are almost certainly a factor.) In 2024, North American startups secured 75.6% of all VC AI funding — $106.24 billion. That share has only increased this year. So far in 2025, North American AI investments represent 86.2% ($79.74 billion) of all VC funding for AI globally. It paints a somewhat surprising picture. Even amid mounting political and regulatory headwinds under Trump’s second term, the U.S. remains the undisputed center for AI capital, meaning investors, fatigued as they may be by the administration’s unpredictability, are still counting on U.S. innovation to deliver the biggest returns, at least for now.

In a Bloomberg interview Wednesday night in downtown San Francisco, Alphabet CEO Sundar Pichai pushed back against concerns that AI could eventually make half the company’s 180,000-person workforce redundant. Instead, Pichai stressed the company’s commitment to growth through at least next year. “I expect we will grow from our current engineering phase even into next year, because it allows us to do more,” Pichai said, adding that AI is making engineers more productive by eliminating tedious tasks and enabling them to focus on more impactful work. Rather than replacing workers, he referred to AI as “an accelerator” that will drive new product development, thereby creating demand for more employees. Alphabet has staged numerous layoffs in recent years, though so far, cuts in 2025 appear to be more targeted than in previous years. It reportedly parted ways with less than 100 people in Google’s cloud division earlier this year and, more recently, hundreds more in its platforms and devices unit. In 2024 and 2023, the cuts were far more severe, with 12,000 people dropped from the company in 2023 and at least another 1,000 employees laid off last year. Looking forward, Pichai pointed to Alphabet’s expanding ventures like Waymo autonomous vehicles, quantum computing initiatives, and YouTube’s explosive growth as evidence of innovation opportunities that continually bubble up. He noted YouTube’s scale in India alone, with 100 million channels and 15,000 channels boasting over one million subscribers. At one point, Pichai said trying to think too far ahead is “pointless.” But he also acknowledged the legitimacy of fears about job displacement, saying when asked about Anthropic CEO Dario Amodei’s recent comments that AI could erode half of entry-level white collar jobs within five years, “I respect that . . .I think it’s important to voice those concerns and debate them.” As the interview wrapped up, Pichai was asked about the limits of AI, and whether it’s possible that the world might never achieve artificial general intelligence, meaning AI that’s as smart as humans at everything. He quickly paused before answering. “There’s a lot of forward progress ahead with the paths we are on, not only the set of ideas we are working on today, [but] some of the newer ideas we are experimenting with,” he said. “I’m very optimistic on seeing a lot of progress. But you know,” he added, “you’ve always had these technology curves where you may hit a temporary plateau. So are we currently on an absolute path to AGI? I don’t think anyone can say for sure.” Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you’ve built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | June 5 REGISTER NOW

We’re down to the final two days before TechCrunch Sessions: AI unites the broader AI community at UC Berkeley’s Zellerbach Hall on Thursday, June 5! Expect a packed agenda with top speakers, expert panels, top-tier networking, and Side Events from o

We’re down to the final two days before TechCrunch Sessions: AI unites the broader AI community at UC Berkeley’s Zellerbach Hall on Thursday, June 5! Expect a packed agenda with top speakers, expert panels, top-tier networking, and Side Events from o

Want to connect with 1,000+ founders, investors, and tech leaders gathering in Boston for TechCrunch All Stage on July 15? Apply by June 10 to host a Side Event during “TC All Stage Week” (July 13–19) — and put your brand front and center. Whether yo

Want to connect with 1,000+ founders, investors, and tech leaders gathering in Boston for TechCrunch All Stage on July 15? Apply by June 10 to host a Side Event during “TC All Stage Week” (July 13–19) — and put your brand front and center. Whether yo

In just 2 days, TechCrunch Sessions: AI takes over UC Berkeley’s Zellerbach Hall for a one-day summit built for the minds shaping AI. Expect hard questions, bold ideas, and real insight—designed to challenge your assumptions, sharpen your competitive