Jeff Bezos Reportedly Wants $100 Billion To Buy And Transform Old Manufacturing Firms With Ai

In Brief

Jeff Bezos is reportedly seeking $100 cardinal for a caller fund, nan likes of which will beryllium utilized to bargain up companies successful awesome business sectors and, ultimately, modernize and automate them pinch AI, according to sources cited by Wall Street Journal.

The effort is related to Bezos’ AI startup, Project Prometheus. Bezos, whose engagement pinch nan institution was originally reported successful November, is serving arsenic co-founder and co-CEO, alongside erstwhile Google executive Vik Bajaj.

Prometheus, which launched pinch $6.2 cardinal successful funding, is focused connected creating high-level AI models to amended manufacturing and engineering successful aerospace, automotive, and different sectors. The caller manufacturing money will support that ngo by buying up companies that will yet usage Prometheus’ models.

According to nan WSJ, Bezos precocious traveled to Singapore and nan Middle East successful his ngo to raise costs for nan effort. The scheme is to get companies successful areas for illustration aerospace, chipmaking, and defense.

TechCrunch reached retired to Bezos via Amazon for much information.

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