Andreessen Horowitz (a16z) is the latest venture capital giant to expand beyond crypto into AI and emerging technologies. The industry that once promised to change the world is struggling to keep its own investors focused.

a16z said it is broadening its crypto investment arm, a16z Frontier, to cover artificial intelligence, robotics and other emerging technologies.

Today we’re announcing that we’re expanding the scope of our new fund beyond crypto startups to the broader category of frontier startups: companies building new technologies and creating markets that may take years to develop.

To reflect this, we’re renaming a16z Crypto to a16z Frontier.

This is an expansion: we will continue to invest…