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0.000119545726240314 2.39091452480356E-05 -0.000358637178720806 -0.000597728631201435 -0.000167364016736385 -0.000119545726240314 -0.000406455469217014 -0.000406455469217014
Stock impact report

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

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: TechCrunch
and, ultimately, modernize and automate them with AI, according to sources by The Wall Street Journal. The effort is related to Bezos' AI startup, Project Prometheus. Bezos, whose involvement with the company was in November, is serving as co-founder and co-CEO, alongside former Google executive Vik Bajaj. Prometheus, which launched with $6.2 billion in funding, is focused on creating high-level AI models 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' models. 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. TechCrunch reached out to Bezos via Amazon for more information. Subscribe for the industry's biggest tech news Latest in AI Show less Read more
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