Jeff Bezos is in discussions to raise $100 billion for an investment fund that would acquire companies in industrial sectors including chipmaking and defense, according to sources cited by the Wall Street Journal. The fund would focus on revamping these companies with artificial intelligence technologies.
The Amazon founder has reportedly traveled to the Middle East and Singapore as part of his fundraising efforts. The initiative is linked to his Project Prometheus AI startup, suggesting a broader strategy to integrate AI capabilities across traditional industrial sectors.