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, the likes of which volition beryllium utilized to bargain up companies successful large concern sectors and, ultimately, modernize and automate them with AI, according to sources cited by Wall Street Journal.

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

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

According to the WSJ, Bezos precocious traveled to Singapore and the Middle East successful his ngo to rise funds for the effort. The program is to get companies successful areas similar aerospace, chipmaking, and defense.

TechCrunch reached retired to Bezos via Amazon for much information.

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