Andreessen Horowitz Plans to Raise $6.9 Billion for New Funds, Including AI-focused Funds

According to BlockBeats, Silicon Valley venture capital giant Andreessen Horowitz is planning to raise $6.9 billion from investors to establish a series of new funds, including two focused on artificial intelligence (AI). An insider revealed that the remaining half of the new funds will be allocated to two dedicated AI funds, a gaming fund, and a fund supporting startups in the American vitality sector. The company defines American vitality as companies addressing the most pressing issues in the United States, including industries such as aviation, defense, and manufacturing. Andreessen Horowitz will wait until next year to raise more cash for its cryptocurrency and bio funds. In 2022, the firm invested $4.5 billion in crypto funds.