The AI boom took over Climate Week and not everyone is happy about it
At this year's New York Climate Week, the climate tech community increasingly adapted to the AI boom, with companies able to reframe their stories winning new funding. PitchBook data shows total climate tech venture deal value rose for four consecutive quarters, topping $14 billion in this year's first quarter, driven mainly by built-environment technology, grid infrastructure and dispatchable energy supporting data centre construction. Some founders argue the data centre boom is causing other promising climate tech fields to be overlooked.