News Summary

• Family offices are emerging as some of the most important allocators of capital in artificial intelligence.
• This is no longer simply a Silicon Valley story.
• It is increasingly a global phenomenon, stretching from Seattle and San Francisco to Paris, London, Dubai and Abu Dhabi.
• Many of today’s most active family office view AI not as a single sector but as a foundational platform comparable to electricity, computing or the internet itself.
• Early enthusiasm around generative AI focused heavily on consumer applications and chatbot businesses.
• Family offices are increasingly allocating capital further down the technology stack.