Jeff Bezos is reportedly looking for $100 billion for a brand new fund, the likes of which shall be used to purchase up firms in main industrial sectors and, in the end, modernize and automate them with AI, in accordance with sources cited by The Wall Road Journal.
The hassle is expounded to Bezos’ AI startup, Venture Prometheus. Bezos, whose involvement with the corporate was initially 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 firms that can in the end use Prometheus’ fashions.
In response to the WSJ, Bezos just lately traveled to Singapore and the Center East in his mission to boost funds for the trouble. The plan is to accumulate firms in areas like aerospace, chipmaking, and protection.
Trendster reached out to Bezos through Amazon for extra info.
