logo

Family offices bet on AI even as deals slow

By: bitcoin ethereum news|2025/05/08 21:30:02
0
Share
copy
Jack Hidary, CEO of SandboxAQ Courtesy of SandboxAQ A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich, rattled by President Donald Trump’s tariffs, continued to scale back deal-making in April. Last month, single-family offices made 40 direct investments, down 31% month to month, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. April’s tally also represents a 47% year-over-year decline. However, artificial intelligence-related startups are still garnering attention from family offices, accounting for half of last month’s direct deals. In early April, quantitative AI firm SandboxAQ finalized its Series E round of $450 million after upsizing the fundraise twice due to investor demand, CEO Jack Hidary told CNBC. SandboxAQ raised some $300 million last December from investors including a host of billionaires and their family offices, such as venture capitalist Jim Breyer, Salesforce CEO Marc Benioff and Two Sigma co-founder David Siegel. The round was extended this spring, raising an additional $150 million from Bridgewater founder Ray Dalio’s family office and a cohort including Google and Nvidia , an existing partner of SandboxAQ. The Palo Alto, California-based firm, which spun off from Alphabet in 2022, is chaired by former Google CEO Eric Schmidt and counts his family office, Hillspire, as a backer. “These are very value-added family offices because they know the world of tech well. They know the world of finance well,” Hidary said. “These are experienced executives and entrepreneurs who lend a hand in advising us and are active in doing so.” SandboxAQ uses AI and quantum technology to make large-scale predictions and statistical analysis that it markets to a variety of industries, like companies doing drug discovery, cybersecurity, navigation or financial modeling. Its technology analyzes large numerical datasets to make predictive AI models. Hidary, a serial tech entrepreneur, said professionally managed family offices and large institutions have developed a greater appetite in the past six or seven years for deep-tech startups that cater to businesses. “They used to see deep tech as something they didn’t touch. It’s not their purview. They didn’t make their money, you know, doing that,” he said. “But now it turns out they understand that actually it’s lower risk to invest in deep moat companies.” “What they realize, after years of investing in consumer-oriented tech — tech that helps you manage your pet’s food or something like that — it sounds great. It builds up a lot of users quickly, but it’s easily commoditized,” he said. Get Inside Wealth directly to your inbox Family offices are often quicker to make investment decisions than traditional institutional investors, but some want to have deep technical knowledge before they hand over funds, Hidary said. For instance, Breyer met with Hidary four or five times to discuss relevant chapters of two books authored by Hidary. As for Dalio, his investment followed years of discussions with Hidary that initially started in Abu Dhabi, United Arab Emirates, about the impact of AI on the economy. In initial conversations with investors, Hidary says he assesses whether they have the patience for a long horizon. “You don’t want a family office that’s here to just flip a burger, right? And that would not be a good fit for us,” he said. “We’re looking to build a global company in the top echelon of tech companies. And I think people are attracted to that ambition. They’re attracted to that focus, but it’s not for every family office.” Source: https://www.cnbc.com/2025/05/08/family-offices-bet-on-ai-even-as-deals-slow.html

You may also like

LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange

 Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

These days, even hackers are losing money

Although hackers possess excellent skills and can complete a meticulous harvest in a matter of hours, the market does not care where the chips come from; in the face of a bear market, everyone is treated equally.

Arm Chips In-House: Rewire News Brief

For Intel and AMD, the x86 Moat Just Got a Little Less Secure

IOSG: Stablecoin Reshaping Asia Cross-Border Payments? Strategic Landscape and Investment Opportunities Analysis

Stablecoins have not truly addressed the two core pain points of domestic settlement and exchange rate conversion.

\$73 Billion OpenAI Aims for IPO: Drops Sora, Snubs Disney, Puts Microsoft in Risk Factors

Altman is Telling a Growth Story in Subtraction

Popular coins

Latest Crypto News

16:42

The US dollar against the Japanese yen broke through 159, with an intraday increase of 0.2%

According to Jinshi reports, the USD/JPY has risen above 159, with an intraday increase of 0.2%.
16:42

Data: GMGN Smart Money 24h Net Inflow Ranking, 7 at the top

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:7 (84cA....ump): Net inflow of $4,000, 24-hour price change -71.9%, currently priced at $0.001.CHIBI (2TpM....ump): Net inflow of $4,000, 24-hour price change -40.1%, currently priced at $0.0...
16:42

ZachXBT: The Wallex wallet address of the Iranian exchange has been double-frozen by Circle and Tether, with approximately 2.49 million USD in assets stranded on-chain

According to market news, a wallet address (0x6926408f55c4f322ebe1a3cc7e4fff380c5543df) under the Iranian cryptocurrency exchange Wallex (wallex.ir) has been simultaneously frozen by Circle and Tether.Several hours before the aforementioned address was frozen, Wallex began consolidating cryptocurren...
16:42

Irish police successfully cracked a drug dealer's long-sealed Bitcoin wallet, seizing 500 BTC

According to Cointelegraph, the Criminal Assets Bureau of the Irish National Police has announced that it has successfully cracked one of the 12 Bitcoin wallets associated with a convicted drug dealer, retrieving 500 Bitcoins worth over 35 million dollars.The wallet owner is Clifton Collins, who was...
16:42

In the past month, stablecoins have experienced a minting boom, with USDD ranking in the top 6 with a minting volume of 2.8 billion

According to on-chain analyst Stacy Muur, citing the latest data from DefiLlama, the global stablecoin minting volume has exceeded $12.9 billion in the past 30 days. In the specific ranking, the decentralized stablecoin USDD ranks 6th with a minting volume of $2.8 billion, demonstrating strong growt...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com