- Sinner crushes Medvedev to set up potential Alcaraz Shanghai semi
- 7-Eleven owner restructures to fight takeover
- England's Harry Brook blasts triple century against Pakistan
- Chinese electric car companies cope with European tariffs
- Zelensky in London for whirlwind tour of Europe ahead of US vote
- Sri Lanka recovering faster than expected: World Bank
- Hong Kong, Shanghai rally as most markets track Wall St record
- Record-breaking Root, Brook both pass 200 as England pile up 658-3
- Football mourns Greek defender George Baldock's shock death at 31
- Uniqlo owner reports record annual earnings
- Hong Kong, Shanghai rally as markets track Wall St record
- Indonesia biomass drive threatens key forests: report
- Home is far away for Madagascar in AFCON qualifying
- Two months on, Donbas soldiers begin to question Kursk offensive
- Rugby Australia to counter-sue in dispute with Melbourne Rebels
- Mumbai mourns Indian industrialist Ratan Tata
- Philippines challenges China over South China Sea at ASEAN meet
- Mets advance on Lindor blast, Dodgers stay alive in MLB playoffs
- Injury-ravaged Krygios aiming to return at Australian Open
- Greek international Baldock, dead at 31: family
- EU talks deportation hubs to stem migration
- Deaths and repression sideline Suu Kyi's party ahead of Myanmar vote
- S. Africa offers a lesson on how not to shut down a coal plant
- China opens $71 bn 'swap facility' to boost markets
- Mets advance on Lindor grand slam, Yankees and Tigers win
- Taiwan President Lai vows to 'resist annexation' of island
- China's solar goes from supremacy to oversupply
- Asian markets track Wall St record as Hong Kong, Shanghai stabilise
- 'Denying my potential': women at Japan's top university call out gender imbalance
- China's central bank says opens up $70.6 bn in liquidity to boost market
- Zelensky on whirlwind tour of Europe ahead of US vote
- Youth facing unprecedented wave of violence, UN envoy warns
- 'A casino in every kitchen': Brazil's online gambling craze
- Nobel chemistry winner sees engineered proteins solving tough problems
- Lindor powers Mets past Phillies into NL Championship Series
- Wildlife populations plunge 73% since 1970: WWF
- 'Sleeper agent' bots on X fuel US election misinformation, study says
- Death toll rises to 109 after Haiti gang attack, official says
- Tigers beat Guardians and on brink of advancing in MLB playoffs
- Argentina MPs back Milei's veto of university funding
- Man City sink Barca in Women's Champions League as Bayern outgun Arsenal
- Greek international Baldock, 31, found dead in pool: state agency
- Florida seaside haven a ghost town as hurricane nears
- Pharrell Williams to co-chair Met Gala exploring Black dandyism
- Wall Street indices hit fresh records as Chinese shares tumble
- Taiwan's president to deliver key speech for National Day
- Sea row on the menu as ASEAN leaders meet China's Li
- Injured Kane won't start England's Nations League clash with Greece
- Discord seen as online home for renegades
- US forecasts severe solar storm starting Thursday
Tech venture capital titan Andreessen Horowitz raises $7.2 bn
Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more.
More than half of the money spread across five funds is dedicated to a "growth" strategy for late-stage startups, possibly bringing new life to a moribund trend of young companies being bought or going public with offerings of stock.
"This marks an important milestone for us," VC firm cofounder and general partner Ben Horowitz said in a blog post.
Other "strategies" targeted for investment were apps, games, "American Dynamism," and tech "infrastructure" including artificial intelligence (AI).
"AI represents a generational shift in computing — following in the footsteps of the microprocessor and the internet — and it will deliver commensurate improvements in cost, efficiency, and human productivity," Horowitz wrote.
"We believe that infrastructure underpins this coming shift just as it does for many other transformational technologies."
The infrastructure fund raised $1.25 billion, according to Horowitz.
American Dynamism, funded with $600 million, will target investments at startups in "national interest" areas such as aerospace, defense, public safety, education, and supply chain, he explained.
An equal amount of investment money was raised to invest in gaming startups, with the VC veteran expressing belief "games will play a pivotal role in defining how we socialize, play, and work over the next century."
A fund devoted to apps raised $1 billion, according to Horowitz.
The VC firm started in 2009 is known for investing early in tech stars such as Facebook and Airbnb.
L.Durand--AMWN