According to TechFlow, LVMH is the world's largest luxury goods company by market value. Its founder and CEO Bernard Arnault is worth an estimated $190.7 billion, and his family's wealth ranks first in the world.

Arnault's family office, Aglaé Ventures, has made five AI-related investments totaling $300 million in 2024. H Company raised $220 million in May to develop general artificial intelligence (AGI).

In March, Arnault co-led Borderless AI’s $27 million seed round, and in February, he co-led Photoroom’s $43 million round with Balderton Capital.

Arnault also backed California-based Lamini, which raised $25 million in June, and participated in Proxima’s $12 million Series A round in April.

Aglaé has also participated in four funding rounds for Meero. Since 2017, Aglaé has made 153 investments, 53 of which were in companies in the technology sector.

LVMH has been experimenting with AI in recent years. In 2021, LVMH signed a five-year strategic partnership with Google Cloud. Last September, the company held the second LVMH Data AI Summit. In May this year, LVMH participated in the VivaTech trade show in Paris.