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Joe Lonsdale, founder & investor at 8VC and Palantir (co-founder), announced the successful closing of 8VC Fund 7 with $1.5 billion in capital to invest in the U.S.-led AI industrial revolution.
The fund aims to support sectors including productivity, manufacturing, defense, and healthcare, with a focus on working with top talent in the innovation ecosystem.
Lonsdale has previously highlighted the use of agentic AI in the financial sector. In an earlier commentary, he noted Blend's AI-driven strategy in financial services. He emphasized the technology's adoption and potential for new industry growth.