A16z Invests $10B in AI, Defense, But Leaves Crypto Out of New Fund Raising

Venture capital giant Andreessen Horowitz (a16z) is seeking a massive $10 billion to invest in artificial intelligence and defense industries. However, the firm’s new fund appears to exclude crypto, even though it recently published a bullish report on the sector. A16z aims to raise $6 billion for established companies, another $1.5 billion each for AI applications and AI infrastructure funds, and $1 billion for a defense and manufacturing-focused vehicle.