According to a report in the Wall Street Journal, the Amazon founder aims to take over companies and advance their automation.
According to a newspaper report, Amazon founder Jeff Bezos is planning a $100 billion (86.96 billion euros) fund for the use of artificial intelligence (AI) in the manufacturing industry. The Wall Street Journal (WSJ) reported on Thursday that the goal is to take over companies and advance their automation.
Bezos is already in talks with major asset managers. He also traveled to the Middle East a few months ago to solicit capital from sovereign wealth funds there. In investor documents, the project is described as an “instrument for the transformation of manufacturing”. The focus would be on sectors such as chip manufacturing, the defense industry and aerospace.
The new fund is likely to be closely linked to Bezos’ involvement in the AI sector. The New York Times reported last year that Bezos would become co-head of the start-up Project Prometheus. This focuses on AI applications for the technical development and production of computers, cars and spacecraft. According to the WSJ, Prometheus is currently negotiating financing of up to six billion dollars. According to a February report in the Financial Times, the company had raised $6.2 billion at the end of last year. Bezos could not immediately be reached for comment. The co-founders of Prometheus also did not respond to inquiries. (APA/Reuters)
