It is known that the venture firm Andreessen Horowitz (a16z) is considering launching a new investment fund that could reach a record amount of $20 billion to support artificial intelligence (AI) startups in the U.S. This was reported by the news agency Reuters, citing its sources.
This is reported by Business • Media
According to the information, the project is currently in its early stages, and its implementation may take several months. Investors have shown significant interest in this fund, which is attributed, in part, to the support of the industry by U.S. President Donald Trump and the close ties of a16z’s founders with his administration.
“This is due to a number of reasons, including increased attention to the AI narrative and support for the industry by U.S. President Donald Trump,” the report states.
If a16z is able to launch the fund, it will become the largest in the company’s history and the third largest in the technology sector after SoftBank’s Vision Fund 1 and Vision Fund 2, which amount to $100 billion and $56 billion respectively.
A portion of the funds raised under this initiative is planned to finance AI companies that have previously received support from a16z, such as Databricks and xAI. It is worth noting that the AI startup of billionaire Elon Musk acquired the social network X for $33 billion, explaining this as part of the further development of the platform and the implementation of new solutions.
Earlier, it was reported that the AI laboratory OpenAI raised a record $40 billion in investments for a private company.