According to the Financial Times, Jeff Bezos is nearing the completion of a $10 billion capital raise for his artificial intelligence venture, which is creating models capable of comprehending the tangible environment.
The Financial Times indicates, quoting individuals acquainted with the matter, that the fresh capital infusion estimates the firm, internally known as Project Prometheus, at $38 billion. JPMorgan and BlackRock are among the financiers participating in the round, the FT mentions. While the agreement is anticipated to be finalized shortly, it is not yet complete. Prometheus, BlackRock, and JPMorgan all refused to provide comments to the FT.
The New York Times revealed in November that Project Prometheus, established by Bezos alongside researcher Vic Bajaj, intends to leverage AI to accelerate processes related to engineering and production across sectors such as aviation and vehicles. The enterprise commenced with $6.2 billion in initial financing, partially contributed by Bezos personally.
The Wall Street Journal indicated last month that Bezos was in discussions to accumulate $100 billion for an investment vehicle intended to procure manufacturing businesses and introduce AI solutions. The company employs numerous individuals, including some who formerly worked at prominent AI institutions like OpenAI and Google DeepMind, and is currently seeking AI experts in San Francisco, Zurich, and London, based on personnel details on LinkedIn.
Source: Bloomberg