Jeff Bezos plans $100B push to acquire and modernise legacy manufacturers using AI

Jeff Bezos is reportedly aiming to raise $100 billion for a new investment fund to acquire companies across major industrial sectors and transform them with artificial intelligence, according to sources cited by The Wall Street Journal.

The initiative is connected to Bezos’ AI-focused venture, Project Prometheus. Bezos, whose involvement in the startup first surfaced in November, is acting as co-founder and co-CEO alongside former Google executive Vik Bajaj.

Prometheus, which initially launched with $6.2 billion in funding, is developing advanced AI models to enhance manufacturing and engineering processes across industries such as aerospace and automotive. The proposed fund would play a key role in supporting this objective by acquiring companies that could adopt and implement Prometheus’ AI systems.

According to the report, Bezos has recently travelled to Singapore and parts of the Middle East as part of his efforts to secure financial backing for the fund. The strategy reportedly targets companies operating in sectors such as aerospace, semiconductor manufacturing, and defence.