Source: Protocol
Summary
Andreessen Horowitz has raised $15 billion in funding, with a $1.7 billion chunk going to its infrastructure team, which has invested in AI companies such as Black Forrest Labs, Cursor, OpenAI, ElevenLabs, Ideogram, and Fal. General partner Jennifer Li oversees these investments, including ElevenLabs, which was valued at $11 billion.
Our Reading
The launch follows a familiar script.
ElevenLabs, Ideagram, and Fal are just the latest in a long line of AI-focused startups being touted as revolutionary. Meanwhile, the infrastructure team behind them is being lavished with a whopping $1.7 billion. Because, of course, AI is just going to change everything.
It’s worth noting that this influx of cash will likely lead to more beta releases being sold as breakthroughs, and promises of improved privacy being quickly forgotten in the face of data-hungry algorithms.
Original observation: This is just the same old venture capital playbook, with the same old promises of disruption and innovation, but with a fresh coat of AI paint.
