a16z launches $1.1 billion Machine Age Fund, betting on AI hardware.

a16z announced the launch of its $1.1 billion Machine Age Fund, focusing on investing in AI physical infrastructure, including chips, memory, networks, data centers, robotics, and home AI devices. The fund believes that AI is moving from chat to reasoning and coding, with computing power demands growing exponentially, challenging existing supply chains and physical limitations, necessitating restructuring.