Influential Silicon Valley venture capital firm Andreessen Horowitz (a16z) has supported the launch of a 24-hour livestream show, “Monitoring the Situation” (MTS), on X, Axios reported on Monday.

MTS launched with funding from several angel investors. It is positioned as a Silicon Valley-style news channel aimed at replacing traditional cable news such as CNN and Fox News.

It runs by having influential users on X share views on real-time news. It has covered events such as a surprise resignation by Apple CEO Tim Cook (Tim Cook).

A16z co-founder Marc Andreessen described MTS as a tool “to understand the situation” in an “incredibly complex and unstable” era. There is also skepticism. Axios reported that some have described it as a costly livestream that amounts to switching between X, prediction markets and Wikipedia tabs.

A16z’s move is another example showing the decline of legacy media and tech capital’s push into the news market.

Earlier, OpenAI was reported to have acquired the livestream tech talk show TBPN for hundreds of millions of dollars in April.

A new startup backed by Peter Thiel, Objection.AI, operates by having human investigators and AI jointly rule when users pay to challenge errors or bias in news articles.