From CNBC: 2024-09-30 10:33:24

Laurene Powell Jobs investing in a new AI “computing device” showcases her increasing interest in AI startups. Her family office, Emerson Collective, has invested in at least nine AI-related startups since 2022, with total AI funding rounds exceeding $1 billion, spanning sectors globally. Powell Jobs boasts a net worth of $11.5 billion.

Jony Ive, ex-Apple designer, teams up with OpenAI CEO Sam Altman to create a new “computing device” for AI, aiming to raise up to $1 billion with Emerson Collective as a key investor. Family offices prioritize AI investments, with 78% planning to invest in AI in the next few years, per UBS Global Family Office Report.

Emerson’s early AI investments in health tech and clinical data helped spark the current AI investment trend. Recent investments include $4.6 million in Norway’s Curipod for interactive lessons, and $415 million in France’s Mistral for language models. Emerson’s latest investments comprise $372 million in Formation Bio and $33 million in Atropos follow-on round.



Read more at CNBC: Laurene Powell Jobs bets on AI startups