Jeff Bezos is reportedly in search of $100 billion for a brand new fund, the likes of which will probably 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 Avenue Journal.
The hassle is said to Bezos’ AI startup, Venture 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 help that mission by shopping for up corporations that may finally use Prometheus’ fashions.
Based on the WSJ, Bezos lately traveled to Singapore and the Center East in his mission to lift funds for the trouble. The plan is to accumulate corporations in areas like aerospace, chipmaking, and protection.
TechCrunch reached out to Bezos by way of Amazon for extra data.
