Luxury Titan Bernard Arnault Bets Big on AI Startups Through Family Office

30/08/2024

LVMH CEO and 4th richest person in the world Bernard Arnault is making significant moves in the AI space, with his family office, AGLAÉ VENTURES, announcing their investment into 5 AI-related startups in 2024:

✅ Holistic AI: Working towards full artificial general intelligence
✅ Lamini: Building enterprise AI applications
✅ Proxima: AI-powered digital marketing
✅ Borderless AI: AI-driven human resource management
✅ Photoroom: AI image editor

While the individual investments have not been disclosed, the total funding round totals over $300 million between the 5 companies. This continues Arnault’s successful tech investment track record, which includes early stakes in Netflix, Spotify, and Airbnb, among others.

At GlenFlow, we’re glad to see such high-profile interest in AI from outside the tech sector, which highlights AI’s potential to transform industries beyond traditional tech. With our ScaleFlow AI suite, we’re poised to help companies across sectors leverage AI for innovation and efficiency.