Family offices still betting on AI startups during deal slowdown

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…