"Tech Giant Andreessen Horowitz Raises $7.2 Billion for AI Start-ups"

Venture capital firm Andreessen Horowitz has raised $7.2 billion across five different funds, signaling optimism in the tech startup world despite a recent dearth of significant exits. The largest chunk of the new funding, $3.75 billion, is allocated to the growth fund for later-stage companies, with additional investments earmarked for infrastructure, AI, apps, games, and sectors supporting the national interest. This move comes amid a downturn in the broader market, with venture deals remaining depressed and few tech IPOs since 2021. Despite the market slowdown, Andreessen Horowitz remains focused on raising more money for its crypto fund and a separate biotechnology fund.