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

Jeff Bezos is reportedly seeking to raise $100 billion to create a new investment fund aimed at acquiring and transforming legacy manufacturing companies through artificial intelligence. This initiative is closely tied to his AI startup, Project Prometheus, which he co-founded in November alongside former Google executive Vik Bajaj. Project Prometheus, initially funded with $6.2 billion, focuses on developing advanced AI models to enhance manufacturing and engineering processes in sectors such as aerospace, automotive, chipmaking, and defense. The new fund’s strategy involves purchasing companies within major industrial sectors and modernizing their operations by integrating Prometheus’ AI technologies. Bezos has been actively raising capital for this effort, including recent trips to Singapore and the Middle East. The overarching goal is to revolutionize traditional manufacturing by leveraging AI to improve efficiency and innovation across critical industries. Further details from Bezos or Amazon were not provided at the time of reporting.