Jeff Bezos is reportedly looking for $100 billion for a brand new fund, the likes of which might be used to purchase up corporations in main industrial sectors and, finally, modernize and automate them with AI, in keeping with sources cited by The Wall Road Journal.
The hassle is said to Bezosβ AI startup, Mission Prometheus. Bezos, whose involvement with the corporate was initially reported in November, is serving as co-founder and co-CEO, alongside former Google govt 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 corporations that may finally use Prometheusβ fashions.
In response to the WSJ, Bezos lately traveled to Singapore and the Center East in his mission to boost funds for the hassle. The plan is to amass corporations in areas like aerospace, chipmaking, and protection.
TechCrunch reached out to Bezos by way of Amazon for extra data.
