Amazon Founder Bezos in Talks to Raise $100 Billion for Manufacturing AI New Fund

BlockBeats News, March 20th, according to The Wall Street Journal, Amazon founder Jeff Bezos is in early talks to raise a new $100 billion fund that will acquire manufacturing companies and use artificial intelligence technology to accelerate these firms' transition to automation.

The Amazon founder is meeting with some of the world's largest asset management firms to raise funds for this project. Several months ago, he traveled to the Middle East to discuss this new fund with representatives of the region's sovereign wealth funds. Recently, he went to Singapore to further fundraise for this plan. The above information comes from sources familiar with the matter.