PANews, November 5 news, according to Bloomberg, technology investment firm Coatue Management is seeking to raise $1 billion to increase investments in artificial intelligence and technological innovation. This is the first time in several years that the company has raised funds for its flagship fund. It is reported that this round of financing will mainly come from institutional investors, with some funds being raised through Raymond James and Associates targeting high-net-worth individual clients. This is also the first time Coatue has raised funds through banks or brokerage clients since 2017.
Coatue was founded by Philippe Laffont and currently manages approximately $50 billion in assets. Laffont has long been optimistic about the prospects of artificial intelligence, predicting that AI technology will drive demand in the energy and infrastructure sectors in the future. He believes that despite some companies being highly valued, there are still enormous investment opportunities in AI.