Andreessen Horowitz, a prominent Silicon Valley venture capital firm, has successfully raised $7.2 billion for its latest set of funds, surpassing its initial target of $6.9 billion. The funds are allocated across various sectors, with $3.75 billion earmarked for growth and later-stage startups, $1.25 billion for AI infrastructure, $1 billion for AI applications, and $600 million each for American Dynamism and gaming. Additionally, approximately $1.4 billion is designated for seed investing. This funding round indicates a strong market confidence in tech and AI startups, despite recent trends where large funds have struggled to meet their targets.