Hedge fund Coatue Management plans to raise $1 billion to increase its investment in artificial intelligence and technology innovation, it is reported that this is the first time in several years that the company is seeking proceeds raised for its flagship fund. Coatue Management, a New York-based hedge fund focused on technology companies, led the $300 million Series C round of funding for OpenSea. Its portfolio in the crypto sector includes: blockchain security company CertiK, bitcoin mining company Hut 8, crypto payment platform MoonPay, crypto analysis platform Dune Analytics, etc.