a16z Plans to Raise $10 Billion to Double Down on AI Investments

BlockBeats News, October 23rd, according to The Information, venture capital giant Andreessen Horowitz (a16z) is reportedly raising a new $10 billion fund, with approximately $6 billion earmarked for investment in artificial intelligence startups and increasing its stake in existing portfolio companies.

As one of the most active investors in the AI field over the past two years, this move will further strengthen its investment capabilities in the AI race.