French billionaire Bernard Arnault, CEO of luxury goods conglomerate LVMH, has been aggressively investing in artificial intelligence (AI) startups through his family office, Aglaé Ventures. His investments, totaling over $300 million in 2024 alone, reflect a strategic move to diversify his portfolio and stay ahead of the curve in the rapidly evolving technology landscape.
Results for: AI Investments
Meta Platforms CEO Mark Zuckerberg has requested investors to exercise patience as the company anticipates spending billions of dollars more than projected this year due to substantial investments in artificial intelligence. Zuckerberg expressed confidence that Meta’s futuristic technological ventures will ultimately yield positive results.