Artificial intelligence is currently a key focus area, as many consider it to be the future. VC investment in AI spans across all industries, as AI continues to become integrated into all aspects of life and business. Given how long-term VC investments can be, it is no surprise we see a higher investment-to-exit ratio in VC relative to PE. The investment/exit ratio in both is well above the historical trend due to deteriorating public markets, which have pushed off any public listing plans.