Jeff Bezos says he wants $100 billion to buy and replace old manufacturing companies with AI

Jeff Bezos is said to be looking for $100 billion to find a new fund, the likes of which will be used to buy companies in major industries and, in the end, to transform and transform them with AI, according to sources. mentioned and the Wall Street Journal.

This effort is in line with Bezos’ AI initiative, Project Prometheus. Bezos, who partnered with the company report first in November, he is serving as co-founder and co-CEO, along with former Google CEO Vik Bajaj.

Prometheus, which was founded with a $6.2 billion investment, is focused on developing advanced AI models to improve manufacturing and engineering in the aerospace, automotive, and other sectors. The new creative fund will support the project by buying companies that will eventually use the Prometheus models.

According to the WSJ, Bezos recently traveled to Singapore and the Middle East in his fundraising efforts for the project. The plan is to acquire companies in areas such as aerospace, chip manufacturing, and defense.

TechCrunch reached out to Bezos via Amazon for more information.