a16z plans to raise $20 billion AI investment fund

According to ChainCatcher and Cointelegraph, the well-known Silicon Valley venture capital firm Andreessen Horowitz (a16z) is planning to raise $20 billion to establish a growth-stage investment fund focused on artificial intelligence. If successful, this would be the largest fund in the company's history. The fund is expected to attract international limited partners seeking to invest in U.S. AI companies, with some funds to be used for follow-on investments in AI startups within a16z's existing portfolio, such as Databricks and xAI.