LVMH CEO Bernard Arnault's family office goes shopping for AI startups
Briefly

Bernard Arnault, the world's fourth-richest person, is actively investing in artificial intelligence through his venture firm Aglae, making significant contributions to the AI ecosystem.
In 2024, Aglae Ventures made five AI-related investments totaling over $300 million, reflecting Arnault's vision to incorporate cutting-edge technology in luxury markets.
Among Aglae's largest investments was $220 million in French startup H, which aims for artificial general intelligence and has backing from notable investors including Google's former CEO.
Aglae's strategy is to tap into the rapidly evolving AI sector by investing in diverse startups, demonstrating the intersection of luxury and technology under Arnault's leadership.
Read at www.cnbc.com
[
]
[
|
]