Venture capital firm Andreessen Horowitz looking to raise $20B amid global interest in US AI startups

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Venture capital firm Andreessen Horowitz is looking to raise about $20 billion — which would be the largest fund in its history — to take advantage of global investors’ interest in supporting U.S. artificial intelligence companies.

The tech investment firm has told some partners that the fund will be dedicated to growth-stage investments in AI companies and draw upon global investors seeking to invest in U.S. companies, according to Reuters.

This comes amid sweeping tariffs U.S. President Donald Trump has imposed on many global trading partners, with one of his goals being to attract companies to manufacture goods in the U.S.

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Ben Horowitz of Andreessen Horowitz speaks at the WSJTECH live conference in Laguna Beach, California, October 22, 2019. (Reuters…

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