LVMH is the world's largest luxury company by market capitalization, with its founder and CEO Bernard Arnault estimated to be worth $190.7 billion, making his family wealth the richest in the world.

In addition to luxury goods, Bernard Arnault has also been actively investing in artificial intelligence (AI).

In 2024, Arnault's family office, Aglaé Ventures, has made five AI-related investments, with a total funding amount of $300 million over the past eight months.

Founded by former Google DeepMind researchers, H, formerly Holistic AI, raised $220 million in May this year from a group of investors including Bernard Arnault, former Google CEO, Samsung, and Amazon. Led by former Stanford researcher Charles Kantor, H aims to develop artificial general intelligence (AGI), creating an AI as intelligent and efficient as humans.

In March this year, Arnault co-led a $27 million seed round for Canadian startup Borderless AI, which applies AI to human resources. In February, the company also co-led a $43 million funding round for French startup Photoroom with Balderton Capital, which is developing an AI photo editing platform.

Other investments include some American startups, with Arnault supporting California-based Lamini, a company focused on enterprise AI platforms.

In June this year, the company raised $25 million from Aglaé, OpenAI co-founder Andrej Karpathy, and Google Brain co-founder Andrew Ng. Also in April this year, Arnault participated in a Series A round for New York-based data intelligence software company Proxima, raising $12 million.

However, the investment amounts of Aglaé in these companies have not been disclosed.

Previously, Aglaé has also participated in four funding rounds, investing in Paris-based AI photo creation company Meero, which completed these fundings between 2017 and 2019.

Bernard Arnault has a long history of investing in successful tech startups, with his family office investing in Netflix in 1999, Spotify in 2014, and Airbnb in 2015.

Since 2017, Aglaé has made 153 investments, 53 of which were in tech companies.

Notably, the luxury group LVMH has been continuously experimenting with AI, an emerging field, in recent years.

In 2021, LVMH signed a five-year strategic partnership with Google Cloud, integrating AI solutions into functions such as demand forecasting and inventory optimization. Last September, the company held its second LVMH Data AI Summit, choosing generative AI as the theme and gathering hundreds of participants.

In May this year, LVMH also participated in VivaTech, the annual technology trade fair in Paris, which the group has been attending since its inception in 2016.

At the VivaTech trade fair, LVMH Group awarded seven trophies to startups nominated for various innovation awards, including Chinese company FancyTech, which uses generative AI to develop video production software, and BLNG, which uses AI technology to convert jewelry sketches into visual designs.

Arnault also stated at the VivaTech exhibition that to withstand the test of time, companies must emphasize values such as creativity, quality, entrepreneurship, and efficiency.

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