Jeff Bezos is in the early stages of negotiations to raise $100 billion for a new fund that would purchase manufacturing firms with the goal of using AI technology to hasten their automation.
To gather money for the initiative, the founder of Amazon.com is meeting with some of the biggest asset managers in the world. He visited the Middle East a few months ago to speak with officials of the region's sovereign wealth about the new fund.
According to persons with knowledge of the situation, he recently traveled to Singapore to solicit money for the endeavor.
Bezos just joined Project Prometheus, a business that develops AI models to comprehend and replicate the real world, as co-CEO. It is looking for capital of $6 billion.
He recently named David Limp, Blue Origin's CEO, to its board of directors.
Some workers worry that AI-backed automation could lead to widespread layoffs,
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