ANDREESSEN HOROWITZ BETS ON EUROPE — BACKS SWEDISH AI STARTUP PIT IN $16M ROUND The Bay Area’s most famous — and most opinionated — venture firm has cast its eyes northward, leading a $16 million round in Pit, a Swedish AI startup, in what’s being read as a signal that Europe’s AI ecosystem is finally cracking American VC attention. While the vast majority of AI investment dollars have been piling into the same dozen San Francisco zip codes, a growing number of European AI companies are starting to attract serious Silicon Valley money — and the EU AI Act that was supposed to scare investors away seems to be doing the opposite. The European AI comeback arc just got a major plot twist. Keywords: Andreessen Horowitz, Swedish AI startup, European AI investment, Pit AI, a16z