Family Offices Bet Big on AI Amid Market Uncertainty
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Family offices of the ultra-rich scaled back deal-making in March due to market uncertainty, but the deals they made were massive, with a quarter landing in mega-rounds topping one hundred million dollars. Notable investments included a one billion thirty million dollar seed round for Advanced Machine Intelligence and a four hundred fifty million dollar Series A for Rhoda AI. Despite a dip in global M&A activity, family offices like Azim Premjis continued to make direct investments, signaling a cautious yet bullish stance on AIs future.
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