What We Know About Jeff Bezos' $100 Billion AI Fundraising Plan [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
by AI, the Wall Street Journal reported on Thursday—a move likely connected to his secretive AI manufacturing startup Project Prometheus. Bezos is reportedly in talks with investors in the Middle East and Singapore to raise the funds. AFP via Getty Images Key Facts Bezos is in early talks to raise $100 billion for the fund, the Journal's report said—about three weeks after the Financial Times first reported on the fund. Bezos was also in talks with the Abu Dhabi Investment Authority (the United Arab Emirates' sovereign wealth fund), as well as JPMorgan CEO Jamie Dimon, according to the Financial Times report. Bezos more recently traveled to Singapore to raise money for the fund, according to the Journal. The fund is designed to be a “manufacturing transformation vehicle,” according to investor documents seen by both outlets—connecting it to Project Prometheus, the secretive AI startup Bezos founded in November dedicated to using AI for engineering and manufacturing. Th
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