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a16z is trying to keep AI alive with Oxygen initiative.

According to The Information, VC firm Andreessen Horowitz has secured thousands of AI chips, including Nvidia H100 GPUs, to dole out to its AI portfolio companies in exchange for equity. The initiative is aptly named Oxygen, because these chips are that integral to AI companies. The chips are almost impossible to secure for small startups too, because Big Tech companies hoover up all the supply.