Andreessen Horowitz

Andreessen Horowitz denies report of India office, calls it ‘fake news’

Venture /

Venture capital firm Andreessen Horowitz (a16z) has pushed back on local media reports suggesting it plans to open an office in India, with a general partner calling the coverage “entirely fake news.” Earlier on Thursday, Indian media outlets reported that a16z was preparing to establish a physical presence in the country by setting up an […]

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Even after Stargate, Oracle, Nvidia, and AMD, OpenAI has more big deals coming soon, Sam Altman says

AI /

At nearly the same moment as Nvidia CEO Jensen Huang was expressing surprise over OpenAI’s multibillion-dollar deal with competitor AMD — shortly after his company agreed to invest up to $100 billion into the AI model maker — Sam Altman was saying that more such deals are in the works. Huang appeared on CNBC’s Squawk

Even after Stargate, Oracle, Nvidia, and AMD, OpenAI has more big deals coming soon, Sam Altman says Read More »

After nine years of grinding, Replit finally found its market. Can it keep it?

AI /

While AI coding startups like Cursor close brow-raising rounds on barely three years of existence, Replit’s path to a $3 billion valuation has been anything but swift. For CEO Amjad Masad, who’s been building tools to democratize programming since 2009, it’s a story of muscling through multiple failed business models, years stuck at the same

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Silicon Valley is pouring millions into pro-AI PACs to sway midterms

AI /

Andreessen Horowitz and OpenAI President Greg Brockman are among the Silicon Valley veterans putting more than $100 million into a network of political-action committees (PACs) that will advocate against strict AI regulations in next year’s midterm elections, reports The Wall Street Journal.  The new pro-AI super-PAC network dubbed “Leading the Future” aims to use campaign

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Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

Fundraising /

Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the

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Cluely’s ARR doubled in a week to $7M, founder Roy Lee says. But rivals are coming.

AI /

Cluely’s revenue has skyrocketed to about $7 million in ARR since it launched its new enterprise product a week ago, founder Roy Lee told TechCrunch. “Every single person who has a meeting or an interview is testing this out.” Cluely, one of Silicon Valley’s most-talked-about startups, offers products that use AI to analyze online conversations,

Cluely’s ARR doubled in a week to $7M, founder Roy Lee says. But rivals are coming. Read More »

a16z-backed Infinite Machine shows off cheaper, modular electric scooter

Transportation /

New York-based micromobility startup Infinite Machine has revealed a seated scooter called Olto that will cost $3,495 when it starts shipping later this year. The Olto will feature 40 miles of range, pulled from an easily swappable 48V lithium-ion battery. Infinite Machine says the Olto will have a top speed of 20 miles per hour

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Vijay Pande, founding partner of a16z bio and health strategy, steps down

Biotech & Health /

Vijay Pande, a general partner at Andreessen Horowitz who founded the firm’s a16z Bio + Health strategy, announced that he is stepping down from his role. Since its founding in 2014, a16z Bio + Health has raised four funds of nearly $3 billion each, including a $1.5 billion fund that closed in 2022. However, it’s

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Even a16z VCs say no one really knows what an AI agent is

AI /

Buzzwords that are stretched to the point of being meaningless are as old as the tech industry itself. The top current one is “AI agent” and its variants, like “agentic.” So, unsurprisingly, no one really knows what an AI agent is. Even people with software engineering backgrounds who work for Andreessen Horowitz, one of the premier venture

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Durin digs up $3.4M to automate drills for critical minerals exploration

Climate /

Finding new sources of critical minerals is a costly business. Worldwide, companies spent $12 to $13 billion on exploration in 2023. The upshot: mining is the definition of a hit-or-miss business. Companies today use advanced models of the Earth’s crust to pinpoint the best prospects, but even then only about three out of 1,000 attempts

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