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

Jeff Bezos is reportedly aiming to raise $100 billion for a transformative fund designed to acquire and modernize companies in key industrial sectors using artificial intelligence, as per sources from the Wall Street Journal. This initiative aligns with Bezos' ongoing efforts in the realm of AI through his startup, Project Prometheus. Initially revealed in November, Bezos is co-leading the venture alongside former Google executive Vik Bajaj. Prometheus has already secured $6.2 billion in funding and is dedicated to developing advanced AI models aimed at enhancing manufacturing and engineering across sectors such as aerospace and automotive. The proposed manufacturing fund aims to bolster this mission by acquiring firms that can effectively implement Prometheus' AI solutions. According to reports, Bezos has recently embarked on fundraising trips to Singapore and the Middle East to support this ambitious project. The focus of the acquisitions will be on industries like aerospace, semiconductor manufacturing, and defense. TechCrunch has reached out for further details regarding Bezos' plans.