Here's what Jeff Bezos' new startup Prometheus will do
Summary
Jeff Bezos and co-founder Vik Bajaj have raised $12 billion for their new startup Prometheus, which focuses on building advanced AI tools to speed up invention and engineering. The company aims to create an "artificial general engineer" that helps design new technologies faster and plans to invest in related companies with a $100 billion fund.Key Facts
- Prometheus is a startup led by Jeff Bezos and Vik Bajaj focusing on applying AI to robotics and manufacturing.
- The company raised $12 billion in a recent funding round, adding to $6.2 billion raised last year, valuing it at $41 billion.
- Major investors include JPMorgan Chase, Goldman Sachs, BlackRock, and Jeff Bezos himself.
- Prometheus currently employs 150 people and will use the money mainly to buy computing power.
- The goal is to create an AI system called an "artificial general engineer" to speed up technological invention.
- Bezos said this technology could create broad wealth that benefits society as a whole.
- The founders plan to use a $100 billion investment fund to support companies that benefit from Prometheus’s work, possibly including Bezos’s other ventures like Blue Origin.
- No specific products have been announced yet, but Prometheus has more funding than most competitors in AI for physical tasks.
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