A16z has appointed Anjney as a general partner to lead their AI efforts. The company believes that we are at the beginning of a new technology supercycle driven by foundation models and generative AI, but few people understand the technology, business implications, important network players, or underlying trends. Anjney was chosen for his expertise in all of these areas, and his reputation as a trusted advisor to leading AI teams. A16z expects great things to come from him and the firm in the field of AI. However, investors should not rely solely on charts and graphs when making investment decisions, as past performance does not guarantee future results.