Andreessen Horowitz Raises $20 Billion for AI Fund: Shift in Venture Capital Priorities

Venture capital firm Andreessen Horowitz (a16z) has announced a massive fundraising effort of $20 billion to fuel investment specifically in artificial intelligence companies. This move marks a significant shift from the firm’s past focus on cryptocurrency ventures, signaling a growing confidence in AI as an industry powerhouse. 💰 The fundraising coincides with increased investor interest in US-based tech innovations and indicates a clear emphasis on AI over crypto.