Bernard Arnault, founder and CEO of LVMH and the world’s fourth-richest person with a net worth of $184 billion, is making waves in the tech industry. Through his tech-focused venture firm and family office, Aglaé Ventures, Arnault has made significant investments in artificial intelligence (AI) companies. These investments, totaling more than $300 million, have caught the attention of both the tech and luxury industries. A notable investment was made in H, a French startup working towards full artificial general intelligence, which was valued at $370 million.
Aglaé Ventures made five AI-related investments in 2024, with notable funding rounds in companies like Lamini, Proxima, Borderless AI, and Photoroom. These investments demonstrate Aglaé Ventures’ commitment to exploring cutting-edge technologies in various sectors. Additionally, prior investments in companies like Meero and Sonarverse show a track record of success in identifying and supporting innovative startups.
Despite Arnault’s strong ties to the luxury industry through LVMH, Aglaé Ventures’ investment portfolio extends beyond traditional luxury sectors. The family office has diversified its investments across industries such as technology, consumer goods, business services, and financial services. Notable investments in companies like Noom and World Music Media showcase a broader investment strategy focused on emerging trends and markets.
While Arnault is renowned for his luxury craftsmanship and historic brands, his interest in technology is evident through his early investments in successful tech startups like Netflix, Spotify, and Airbnb. Arnault’s speech at the LVMH Innovation Awards highlights his appreciation for the entrepreneurial spirit and creativity found in startups. This tech-savvy approach aligns with Aglaé Ventures’ strategic investments in AI and other innovative technologies.
As Arnault continues to expand his venture firm’s portfolio, the focus on AI investments signals a forward-thinking approach to technology and innovation. The blend of luxury expertise and tech investments positions Aglaé Ventures as a key player in the evolving landscape of high-net-worth investments. With a track record of successful investments and a commitment to staying ahead of industry trends, Arnault and Aglaé Ventures are poised to make a lasting impact in the tech and luxury sectors.
Bernard Arnault’s foray into AI investments through Aglaé Ventures marks a significant shift in the high-net-worth investment landscape. With a focus on cutting-edge technologies and a track record of successful investments, Arnault is solidifying his position as a tech-savvy entrepreneur with an eye for innovation. As Aglaé Ventures continues to explore new opportunities in emerging industries, the legacy of luxury king Bernard Arnault is evolving to embrace the future of technology and entrepreneurship.