Jeff Bezos Nears $10 Billion Funding for AI Lab, FT Says (2 minute read)
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Jeff Bezos' AI startup, which is aiming to develop models with the capability of understanding the physical world, is close to finalizing a $10B 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 $6.2B 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.