March 19 (Reuters) - Jeff Bezos is in early discussions
to raise $100 billion for a new fund that would acquire
manufacturing companies and seek to use AI to drive and speed up
automation, the Wall Street Journal reported on Thursday.
* The Amazon.com ( AMZN ) founder is holding talks with some
of the world's biggest asset managers to secure funding for the
project, WSJ said.
* Bezos traveled to the Middle East to discuss the new fund
with sovereign wealth representatives in the region a few months
ago, according to the report.
* Described in investor documents as a "manufacturing
transformation vehicle," the fund aims to target companies in
major industries such as chipmaking, defense, and aerospace, the
Journal said.
* Last year, The New York Times reported that Bezos would
serve as co-CEO of a new startup called Project Prometheus
focused on AI for engineering and manufacturing computers,
automobiles and spacecraft.
* Project Prometheus is separately in talks to raise up to
$6 billion in funding, WSJ said, citing people familiar with the
matter. It recently named David Limp, Blue Origin's CEO, to its
board of directors.
* Project Prometheus raised $6.2 billion late last year,
according to a Financial Times report from February.
* Bezos could not be immediately reached for comment. The
project's co-founders, Sherjil Ozair and William Guss, did not
respond to Reuters requests for comment on LinkedIn.
(Reporting by Juby Babu in Mexico City)