From Reuters, March 19:
Jeff Bezos is in early discussions to raise $100 billion for a new fund that would acquire manufacturing companies and seek to use AI to drive and speed up automation, the Wall Street Journal reported on Thursday.
The Amazon.com (AMZN.O) founder is holding talks with some of the world's biggest asset managers to secure funding for the project, WSJ said.
Bezos traveled to the Middle East to discuss the new fund with sovereign wealth representatives in the region a few months ago, according to the report.
Described in investor documents as a "manufacturing transformation vehicle," the fund aims to target companies in major industries such as chipmaking, defense, and aerospace, the Journal said.
Last year, The New York Times reported that Bezos would serve as co-CEO of a new startup called Project Prometheus focused on AI for engineering and manufacturing computers, automobiles and spacecraft....
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The Journal says the big money is in the Middle East and Singapore. It reads as though the new venture is separate from Project Prometheus.
Here's the 2025 NYT story:
"Jeff Bezos Creates A.I. Start-Up Where He Will Be Co-Chief Executive"
