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