While OpenAI’s massive $40 billion funding boosted global and North America’s funding totals, Asia was not so lucky. Instead, the region saw its lowest funding quarter since 2014, with only $13 billion going to VC-backed startups, per Crunchbase data. That number represents a whopping 40% drop from Q1 last year and a 25% decrease from Q4 2024. It’s also another sign of the area’s lagging venture market — which has seen declines in four of the last five quarters. All told, the total dollar figure...