TLDR Tech / AI
Jeff Bezos Nears $10 Billion Funding for AI Lab, FT Says
Jeff Bezos' AI startup, which is aiming to develop models with the capability of understanding the physical world, is close to finalizing a $10 billion funding round. The company, code-named Project Prometheus, will use AI to accelerate engineering and manufacturing in fields like aerospace and automobiles. It was set up with an initial $6.2 billion in funding, sourced in part by Bezos himself. The new funding round, which is expected to close soon but has not been finalized, will include JPMorgan and BlackRock as investors.
Read the full story