According to informants cited by the Wall Street Journal, Jeff Bezos is reportedly aiming to raise $100 billion for a fresh investment vehicle. This fund is intended to acquire enterprises in significant industrial segments and, in due course, update and streamline their operations using artificial intelligence.
This initiative is connected with Bezos’ artificial intelligence venture, Project Prometheus. Bezos, whose engagement with the enterprise was first revealed in November, is functioning as co-founder and co-chief executive officer, in conjunction with Vik Bajaj, a former Google executive.
Prometheus, which commenced operations with $6.2 billion in initial capital, concentrates on developing advanced artificial intelligence algorithms to enhance production and design processes within aeronautics, vehicle manufacturing, and various other domains. This novel industrial fund is set to bolster that objective by acquiring firms that will eventually deploy Prometheus’ computational procedures.
The WSJ reports that Bezos has lately journeyed to Singapore and the Middle East as part of his quest to secure capital for this undertaking. The strategy involves purchasing enterprises in fields such as aeronautics, semiconductor fabrication, and military applications.
TechCrunch contacted Bezos through Amazon, seeking additional details.
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