A record-sized fund
Investment firm Norwest has set up a new $4 billion fund. According to the firm, it is the largest fund it has raised to date.
More weight on AI
The fund's main focus is expanding Norwest's investments in artificial intelligence. The firm is thus moving AI closer to the center of its technology investing.
Why it matters
Capital flowing into AI startups keeps growing. A long-established investor like Norwest increasing its allocation to the field signals new funding avenues for early- and growth-stage AI companies.
