Jeff Bezos reportedly wants $100 billion to buy and transform old manufacturing firms with AI | TechCrunch

"Jeff Bezos is reportedly seeking $100 billion for a new fund, the likes of which will be used to buy up companies in major industrial sectors and, ultimately, modernize and automate them with AI, according to sources cited by Wall Street Journal."

"Prometheus, which launched with $6.2 billion in funding, is focused on creating high-level AI algorithms to improve manufacturing and engineering in aerospace, automotive, and other sectors. The new manufacturing fund will support that mission by buying up companies that will ultimately use Prometheus' algorithms."

"According to the WSJ, Bezos recently traveled to Singapore and the Middle East in his mission to raise funds for the effort. The plan is to acquire companies in areas like aerospace, chipmaking, and defense."

Jeff Bezos is raising $100 billion for a new fund designed to acquire companies across major industrial sectors including aerospace, automotive, chipmaking, and defense. This initiative supports Project Prometheus, an AI startup co-founded by Bezos and former Google executive Vik Bajaj, which launched with $6.2 billion in funding. Prometheus develops advanced AI algorithms to improve manufacturing and engineering processes. The acquisition fund will purchase companies that will implement Prometheus' algorithms to modernize and automate their operations. Bezos has traveled to Singapore and the Middle East to secure funding for this ambitious industrial transformation effort.

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