According to sources, Jeff Bezos is reportedly seeking $100 billion for a new fund that will be used to buy companies in key industrial sectors and eventually modernize and automate them with AI. cited By Wall Street Journal.
The effort is related to Bezos’s AI startup, Project Prometheus. Bezos, who was involved with the company Originally reported In November, joining former Google executive Vic Bajaj as co-founder and co-CEO.
Prometheus, which launched with $6.2 billion in funding, focuses on creating high-level AI algorithms to improve manufacturing and engineering in aerospace, automotive and other sectors. The new manufacturing fund will support that mission by buying companies that will eventually use Prometheus’ algorithms.
According to the WSJ, Bezos recently traveled to Singapore and the Middle East in his mission to raise funds for the effort. The plan is to acquire companies in sectors such as aerospace, chipmaking and defence.
TechCrunch contacted Bezos through Amazon for more information.
