Jeff Bezos is reportedly in search of $100 billion for a brand new fund, the likes of which can be used to purchase up firms in main industrial sectors and, in the end, modernize and automate them with AI, in line with sources cited by The Wall Avenue Journal.
The trouble is said to Bezos’ AI startup, Undertaking Prometheus. Bezos, whose involvement with the corporate was originally reported in November, is serving as co-founder and co-CEO, alongside former Google government Vik Bajaj.
Prometheus, which launched with $6.2 billion in funding, is concentrated on creating high-level AI fashions to enhance manufacturing and engineering in aerospace, automotive, and different sectors. The brand new manufacturing fund will assist that mission by shopping for up firms that may in the end use Prometheus’ fashions.
In response to the WSJ, Bezos not too long ago traveled to Singapore and the Center East in his mission to lift funds for the trouble. The plan is to amass firms in areas like aerospace, chipmaking, and protection.
TechCrunch reached out to Bezos through Amazon for extra info.
