From CNBC: 2024-08-19 08:48:47

Luxury tycoon Bernard Arnault, head of LVMH, has been investing heavily in AI companies through his tech venture firm Aglaé Ventures, totaling over $300 million in funding rounds. Some notable investments include H, Lamini, Proxima, Borderless AI, and Photoroom. Aglaé has made a total of 153 investments since 2017, with a focus on technology and consumer goods. The family office has little interest in luxury due to their heavy investment in LVMH but has shown interest in art and technology ventures.



Read more at CNBC: LVMH CEO Bernard Arnault’s family office invests in AI startups