03:51 PM EDT, 03/19/2026 (MT Newswires) -- Amazon ( AMZN ) founder (AMZN) Jeff Bezos is in early discussions to raise $100 billion for a new artificial intelligence manufacturing fund related to his AI startup, Project Prometheus, the Wall Street Journal reported Thursday.

The fund, outlined as a "manufacturing transformation vehicle" in investor documents, is targeting the acquisition of companies in key industrial sectors such as chipmaking, defense and aerospace.

Bezos is meeting with some of the of the world's largest asset managers to raise funding for the project. He also held talks in the Middle East a few months ago with sovereign wealth representatives.

The chairman of the e-commerce giant also recently visited Singapore as part of his fundraising efforts, according to people familiar with the matter, the report added.

Bezos founded Project Prometheus, a startup working on AI models to understand and simulate the physical world, in November. As co-CEO of the start-up, he is setting his sights on using the company's technology to boost the efficiency and profitability of businesses owned by the fund, as per the Wall Street Journal.

Representatives at Amazon ( AMZN ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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