hedge fund Coatue Management plans to raise $1 billion to increase its investments in artificial intelligence and technology innovation. It is said to be the first time in several years that the company has sought to raise funds for its flagship fund. Coatue Management is a hedge fund headquartered in New York that focuses on technology companies. It led the $300 million Series C financing of OpenSea, and its investment portfolio in the cryptocurrency field includes blockchain security company CertiK, Bitcoin mining company Hut 8, cryptocurrency payment platform MoonPay, and cryptocurrency analysis platform Dune Analytics, among others.