Jeff Bezos is raising as much as $100 billion for an investment fund that would acquire manufacturing companies and overhaul them with artificial intelligence, the Wall Street Journal reported Thursday. The Amazon founder has traveled to the Middle East and Singapore in recent months to pitch sovereign wealth funds and major asset managers on the project, according to people familiar with the discussions. The fund would operate alongside Project Prometheus, the AI startup where Bezos serves as co-CEO, the New York Times confirmed in a separate report citing three people briefed on the talks.

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Marcus Schuler

Marcus Schuler

San Francisco

Tech translator with German roots who fled to Silicon Valley chaos. Decodes startup noise from San Francisco. Launched implicator.ai to slice through AI's daily madness—crisp, clear, with Teutonic precision and sarcasm. E-Mail: [email protected]