All articles tagged with #project prometheus
Bezos told CNBC that even if AI investment bubbles form, the resulting funding could drive long-term progress and healthy innovation. He notes that many experiments are funded now, with good ideas eventually winning out, and mentions Prometheus—his standalone AI venture backed with about $6.2 billion and led by Vik Bajaj—aims to develop practical AI models for manufacturing, engineering, and drug design.
Bezos-cofounded Project Prometheus is seeking roughly $10 billion in fresh funding at a post-money valuation around $38 billion to develop 'physical AI' for real-world industrial processes; the secretive startup, led by Vik Bajaj and hiring from OpenAI and Google DeepMind, has a 50-200 person team in San Francisco and could be venturing into its first major round since last year’s $6.2 billion launch raise.
Bezos’s AI lab, Project Prometheus, is close to a $38 billion valuation after a funding round that began with about $6.2 billion raised in November and has drawn demand from investors including JPMorgan Chase and BlackRock. The San Francisco startup, Bezos’s first operational venture since stepping down as Amazon’s CEO in 2021, is building physics‑aware AI for industrial applications to speed up engineering and manufacturing. It is also raising a separate investment holding company to acquire stakes in businesses it expects will be disrupted by its technology, with data from portfolio companies to train Prometheus’s AI. The round is expected to close soon as the firm expands its staff, including hires from OpenAI and other AI teams.