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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.
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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.