Luxury tycoon Bernard Arnault, founder and CEO of LVMH, one of the largest luxury goods conglomerates in the world, is making waves in the tech industry with his recent investments in artificial intelligence companies. Despite his immense wealth and success in the luxury market, Arnault has set his sights on the future of AI technology and has been actively investing in this sector through his venture firm and family office, Aglaé Ventures.
Aglaé Ventures, led by Arnault, has made significant strides in the AI space in recent years. According to data provided by Fintrx, Aglaé made five AI-related investments in 2024 alone, totaling more than $300 million in funding rounds. One of the notable investments was in H, a French startup focused on developing full artificial general intelligence, which raised $220 million in May. Aglaé also participated in funding rounds for Lamini, Proxima, Borderless AI, and Photoroom, showcasing the firm’s keen interest in the AI landscape.
In addition to AI investments, Aglaé Ventures has a diverse investment portfolio spanning various sectors, including technology, consumer goods, business services, and financial services. With a total of 153 investments since 2017, Aglaé has shown a strategic approach to investing in innovative and high-growth businesses. Some of their notable investments include Back Market, Noom, and World Music Media, reflecting their interest in disruptive technologies and digital platforms.
Despite his background in the luxury industry, Bernard Arnault has demonstrated a keen interest in technology and innovation. His early investments in tech giants like Netflix, Spotify, and Airbnb highlight his appreciation for disruptive business models and digital platforms. Arnault’s embrace of the startup mentality, as evidenced by his investments in various tech startups over the years, showcases his commitment to creativity, quality, and entrepreneurship.
Bernard Arnault’s foray into the world of artificial intelligence through Aglaé Ventures marks a new chapter in his investment strategy. With a strong focus on technology and innovation, Arnault is diversifying his portfolio and positioning himself at the forefront of the AI revolution. As he continues to invest in cutting-edge AI companies, Arnault’s legacy as a luxury king with a passion for technology is set to grow even further in the years to come.
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