Family Offices Bet Big on AI Startups
Tech News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Family offices and high-net-worth individuals are bypassing venture capitalists to directly invest in promising AI startups, as companies remain private longer and AI becomes a top priority. Arena Private Wealth recently led a $230 million round in AI chip maker Positron, securing a board seat. Other investors, like Laurene Powell Jobs and Eric Schmidt, have also made direct AI startup investments. Some are even incubating their own AI companies, with Jeff Bezos taking the CEO role at his robotics firm. Firms like Arena conduct thorough due diligence and make concentrated bets, aligning fully with founders in this AI-driven private investment boom.
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