Coatue is raising $1B for AI bets

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. However, high-net-worth individuals with accounts at the brokerage Raymond James and […] © 2024 TechCrunch. All rights reserved. For personal use only.