"The Amazon.com founder is meeting with some of the world's largest asset managers to raise funding for the project."
A few months ago, [Bezos] traveled to the Middle East to discuss the new fund with sovereign wealth representatives in the region. More recently, he went to Singapore to raise funding for the effort as well, according to people familiar with the matter. The fund, described in investor documents as a "manufacturing transformation vehicle," is aiming to buy companies in major industrial sectors such as chipmaking, defense and aerospace...
Bezos was recently appointed co-CEO of Project Prometheus, a new startup that is building artificial-intelligence models that can understand and simulate the physical world. Bezos plans to use the company's technology to boost the efficiency and profitability of businesses owned by the fund, a playbook that some investment firms are similarly deploying in sectors such as accounting and property management... [Prometheus has also hired employees from OpenAI and Google DeepMind, the article points out.]
While much of the AI revolution has been focused on large language models, billions of dollars have begun to flow to companies that are seeking to apply spatially focused AI systems toward industries including robotics and manufacturing... Amazon, one of [America's] largest employers, has closed in on the milestone of having as many robots as humans.
Read more of this story at Slashdot.