Venture capital firm Andreessen Horowitz aims to raise approximately $20 billion for its largest-ever fund, dedicated to investing in growth-stage artificial intelligence (AI) companies in the US. The tech investment firm is capitalizing on global interest in backing U.S. AI startups and promoting the fund worldwide to attract international investors. a16z’s AI investments include companies like xAI, Databricks, and OpenAI, with the firm leveraging its connections to Trump to make it an attractive option for global investors. This significant fundraising effort aims to support US-based AI growth-stage companies.
Source: https://in.investing.com/news/company-news/andreessen-horowitz-targets-20-billion-for-largestever-ai-fund–reuters-93CH-4764821