Amazon founder Jeff Bezos is flying across the globe and courting investors for a new artificial intelligence fund.
Bezos is raising $100 billion for a new fund that seeks to buy up manufacturing firms and use AI to accelerate automation, reports the Wall Street Journal.
The tech tycoon had talks with sovereign wealth investors in the Middle East a few months ago and spoke with investors in Singapore just recently in an effort to raise funds, according to a person close to the matter.
According to investor documents, the fund is a “manufacturing transformation vehicle,” designed to acquire companies in the industrial sector, including chipmaking, defense and aerospace. Bezos wants the fund to rival the size of SoftBank’s Vision Fund.
Bezos was recently appointed as co-chief executive of Project Prometheus, a $6.2 billion startup that aims to apply AI to physical tasks such as robotics, scientific discovery and industrial design. Bezos is now looking to use Prometheus’s technology to boost the productivity and profitability of the companies owned by the fund.
While most of the attention in AI has been focused on large language models and their impact on white-collar workers, investors have been quietly shifting funds into firms that are applying spatial AI in robotics or manufacturing, including approaches such as world models.
World models are AI systems that build an internal simulation of reality to understand, predict and reason about the physical world, moving beyond the reactive AI chatbots. Project Prometheus itself is building AI models that aim to simulate how the physical world behaves.
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