Sequoia raises $7B for AI

The fundraise comes at a time of heightened investor interest in AI, despite growing concerns about the long-term profitability of the sector.

Sequoia's move is seen as a strong vote of confidence in the transformative potential of the technology.

The firm has a long history of backing industry giants and is now positioning itself to lead the next wave of innovation.

This new capital will allow Sequoia to support its existing portfolio while aggressively pursuing new opportunities in generative AI and robotics.