French billionaire Bernard Arnault has been making a series of investments in artificial intelligence startups through his family office, Aglaé Ventures. What Happened: Arnault, the CEO of luxury goods conglomerate LVMH (OTC:LVMHF), has made five AI-related investments in 2024, according to data from private wealth intelligence platform Fintrx, CNBC reported Monday. The total amount invested by Aglaé in these AI firms exceeds $300 million. The largest funding round this year was in H, formerly known as Holistic AI, a French startup working on full artificial general intelligence. The $220 mill…
