Super-rich eye slice of world's top pvt Al cos

OpenAI, Anthropic, xAI, others are at the heart of these offshore bets

- Salman S.H.

UHNIs believe these firms could define the next computing cycle.

(AFP)

India’s artificial intelligence (AI) startups may be drawing growing attention, but some of the country’s richest family offices and ultrahigh-net-worth individuals (UHNIs) are placing their biggest bets thousands of miles away—on US-based ‘frontier AI’ and large language model (LLM) building firms that they believe could define the next computing cycle.

Industry insiders, wealth managers and family offices Mint spoke with say a familiar set of companies sit at the heart of these offshore bets: OpenAI, Anthropic, Perplexity, xAI (maker of Grok), SpaceX and FigureAI. The pattern, they add, is that these are largely unlisted and tightly held firms, which makes it difficult for investors to get in with smaller cheques.