Venture capital firm Andreessen Horowitz is seeking to raise about $20 billion in what will be the largest fund in its history, to capitalize on global investors' interest in backing U.S. artificial intelligence companies, sources told Reuters.

According to Foresight News, sources indicate that venture capital firm a16z is seeking to raise $20 billion for its largest fund to date. This ambitious fundraising effort underscores the firm's commitment to expanding its investment capabilities and influence in the market. The move comes as a16z continues to explore opportunities across various sectors, aiming to leverage its resources for significant growth and innovation. The success of this fundraising initiative could further solidify a16z's position as a leading player in the venture capital industry.