Coatue is raising $1B for AI bets

Quick Summary:

Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-infused boom, is raising $1 billion to back AI-focused companies, Bloomberg reported on Monday.

The funding, which will top up the firm’s flagship fund, will be raised primarily from institutional investors.

Philippe Laffont, Coatue’s founder (pictured above) has said he is particularly excited about humanoid robots with AI-powered brains.

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Article Details

Author / Journalist: Marina Temkin

Category: Technology

Markets: United States

Topics: Fundraising Hedge funds Coatue Management AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 00:52:54 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 169 words

Reading Time: 1 minutes read

Sentences: 9 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23417961

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