View source for Tech Venture Capital Titan Andreessen Horowitz Raises 7.2 Bn

A 'generational shift' in computing [https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=underpinned underpinned] by AI has venture capital firm Andreessen Horowitz, co-founded by Marc Andreessen, optimistic about investing billions recently raised<br><br>Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more.<br><br>More than half of the money spread across five funds is dedicated to a "growth" strategy for late-stage startups, possibly bringing new life to a [https://www.buzznet.com/?s=moribund%20trend moribund trend] of young companies being bought or going public with offerings of stock.<br><br>"This marks an important milestone for us," VC firm cofounder and general partner Ben Horowitz said in a blog post.<br><br>Other "strategies" targeted for investment were apps, games, "American Dynamism," and tech "infrastructure" including artificial intelligence (AI).<br><br>"AI represents a generational shift in computing - following in the footsteps of the microprocessor and the internet - and it will deliver commensurate improvements in cost, efficiency, and human productivity," Horowitz wrote.<br><br>"We believe that infrastructure underpins this coming shift just as it does for many other transformational technologies."<br><br>The infrastructure fund raised $1.25 billion, according to Horowitz.<br><br>American Dynamism, funded with $600 million, will target investments at startups in "national interest" areas such as aerospace, defense, public safety, education, and  [https://bangcacloai.com/ https://bangcacloai.com/] supply chain, he explained.<br><br>An equal amount of investment money was raised to invest in gaming startups, with the VC veteran expressing belief "games will play a pivotal role in defining how we socialize, play, and work over the next century."<br><br>A fund devoted to apps raised $1 billion, according to Horowitz.<br><br>The VC firm started in 2009 is known for investing early in tech stars such as Facebook and Airbnb.