a16z creates a $1.1B Machine Age fund focusing on hardware to "open the throttle and accelerate the physical buildout of AI" (Sean O'Kane/TechCrunch)
Andreessen Horowitz has launched a new “Machine Age” fund with $1.1 billion raised. The firm's aim with the new fund is to “open the throttle and accelerate the physical buildout of AI.”
Andreessen Horowitz, the venture capital firm, has announced the launch of a new $1.1 billion fund with the aim of "accelerating the physical buildout of AI." The venture capital firm's new fund, dubbed the "Machine Age" fund, will focus on investing in the infrastructure that powers AI technologies. This includes hardware, such as computer chips, memory systems, data centers, robots, and edge devices.
The fund will target areas such as faster and more efficient systems, cheaper and higher-bandwidth memory, and scalable interconnects. According to the firm, AI has the potential to solve problems and provide abundance, making its advancement a "social and national imperative."
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