a16z creates a $1.1B ‘Machine Age’ fund to ‘accelerate the physical buildout of AI’
The firm, known for its focus on software, is going to start throwing more money at the hardware behind 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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