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Bezos Seeks $100 Billion for AI-Focused Manufacturing Fund
Amazon Founder Meets Major Investors as Project Prometheus Extends Global AI Hiring
Key Takeaways:
- Jeff Bezos has been seeking $100 billion from major asset managers to buy manufacturing companies and integrate AI, the Wall Street Journal reported.
- The effort signals a major push to expand AI into physical-world industries through Project Prometheus, which Bezos co-founded and partly funded.
- Bezos and partners have been meeting investors and recruiting global AI talent, but the project’s full scope and next steps remain undisclosed.
Amazon.com Inc. founder Jeff Bezos is in talks to raise $100 billion for a fund to acquire manufacturing companies and infuse them with artificial intelligence, the Wall Street Journal reported.Ìý
Bezos in recent months has met with large asset managers to raise money for the project, including during trips to the Middle East and Singapore, the newspaper reported, citing people familiar with the efforts and investor documents
A spokesperson for Bezos didn’t immediately reply to messages seeking comment.Ìý
Bezos, who stepped down as Amazon’s chief executive officer in 2021 but remains the retailer’s chairman, co-founded and partly funded Project Prometheus, a company focused on applications for AI in the physical world, the New York TimesÌýÌýin November.
The venture, co-founded by Vik Bajaj, a Google veteran, hasn’t broadcast its ambitions, but has been recruiting AI talent in San Francisco, Zurich and London, according to employees’ LinkedIn profiles.
Amazon ranks No. 1Ìýon the Transport Topics Top 100 list of theÌýlargest logistics companies in North America, No. 15 on the TT Top 100 list of theÌýlargest private carriersÌýand No. 1 on the TT Top 50 list of theÌýlargest global freight companies.
