Andreessen Horowitz raises $1.1 billion for new AI infrastructure fund to meet surging demand

Andreessen Horowitz raises $1.1 billion for new AI infrastructure fund to meet surging demand

Prominent venture capital firm Andreessen Horowitz says it has raised $1.1 billion for its newest artificial intelligence infrastructure fund. The “Machine Age Fund” will invest in AI computer infrastructure such as chips, memory, networking and storage, firm said on Friday, and will also include data centers, robotics and home appliances.In an interview with Bloomberg News, Andreessen Horowitz general partner Raghu Raghuram said that the fund, which is a haul of new capital instead of a carve-out of the firm’s $15 billion venture fund from earlier this year, is a response to the demand for more physical technology to support AI startups’ needs. The firm argues that advances from AI workloads are driving dramatic increases in computing demand and creating bottlenecks across existing hardware and supply chains.