Family offices double down on AI as startup fundraising hits record
Family offices double down on AI as startup fundraising hits record
https://www.cnbc.com/2026/03/05/family-offices-ai-investments.html
Publish Date: 2026-03-05 07:30:00
Source Domain: www.cnbc.com
- Laurene Powell Jobs’ Emerson Collective participated in a $1 billion fundraise for AI developer World Labs at the Clinton Global Initiative 2024 Annual Meeting.
- Investment firms of ultra-wealthy families, including Azim Premji’s family office, made significant bullish bets on AI startups in February.
- Febuary saw AI-related startups raising $171 billion, contributing to a record total startup funding of $189 billion.
- Hillspire, the investment firm of ex-Google CEO Eric Schmidt, invested $150 million in Goodfire, which focuses on improving AI models.
- Despite concerns about an AI bubble, figures like Schmidt remain optimistic about the long-term economic potential of AI investments, emphasizing the belief in substantial future returns.
