Andreessen Horowitz is seeking to raise $20 billion for a tech investment fund focused on growth-stage investments in American AI companies.
The fund aims to attract global investors interested in investing in the US tech industry, aligning with President Donald Trump's push for domestic production.
The fund is in its early stages and the process might take several months to close.
A significant portion of the fund will be dedicated to follow-on investments in AI companies already in Andreessen Horowitz's portfolio.