Jeff Bezos is in early talks with major asset managers and sovereign wealth funds in the Middle East and Singapore to raise $100B for a fund that would buy companies in sectors like chipmaking, defense, and aerospace, then use AI to accelerate their automation. The fund, described in investor documents as a “manufacturing transformation vehicle,” would rival SoftBank’s $100B Vision Fund in size, and Bezos plans to deploy technology from Project Prometheus, an AI startup where he serves as co-CEO, to boost the efficiency and profitability of acquired businesses. JPMorgan Chase is also in preliminary talks to back the project through its newly formed $10B Security and Resiliency Initiative, and Project Prometheus is separately raising up to $6B in additional funding.
