Jeff Bezos reportedly wants $100 billion to buy and transform legacy manufacturing companies using artificial intelligence

Jeff Bezos is reportedly seeking $100 billion for a new fund, the likes of which will be used to buy companies in major industrial sectors and, eventually, modernize and automate them with artificial intelligence, according to sources. quote By Wall Street Journal.

The effort is linked to Bezos’ AI startup, Project Prometheus. Bezos, who was involved with the company Originally reported In November, he serves as co-founder and co-CEO, alongside former Google CEO Vic Bajaj.

Prometheus, which was 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 this mission by purchasing companies that will eventually use Prometheus models.

According to the Wall Street Journal, Bezos recently traveled to Singapore and the Middle East on his mission to raise money for the effort. The plan is to acquire companies in areas such as aerospace, chip manufacturing and defence.

TechCrunch reached out to Bezos via Amazon for more information.