![Venture capitalist Andreessen Horowitz is optimistic that Marc Andreessen's venture firm, Andreessen Horowitz will invest the recently raised billions of dollars because AI underpins a 'generational change' in computing.](https://bloximages.chicago2.vip.townnews.com/portlavacawave.com/content/tncms/assets/v3/editorial/1/7b/17b19eb6-eaab-5409-a58b-d7696d6d5df2/661f15044d46d.image.jpg?resize=400%2C266)
Steve Jennings
Andreessen Horowitz, a Silicon Valley venture capitalist, announced Tuesday that it has raised $7.2 billion for investments in companies developing games, apps and artificial intelligence.
Over half the money, spread over five funds, is dedicated to “growth” strategies for startups in late stages. This could bring new life into a trend that has been moribund of buying or selling young companies.
This section has more information
Original published by doc.afp.comPart of the BLOX Digital Content Exchange.