Jeff Bezos Reportedly Seeks $100 Billion To Supercharge AI-Driven Automation, Bernie Sanders Says 'Oligarchs Waging All Out War Against Workers'
Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos is reportedly in early discussions with major global investors to raise as much as $100 billion for a new fund.
Bezos Eyes $100 Billion AI Fund To Transform Manufacturing
The fund is aimed at acquiring manufacturing companies and accelerating their shift toward automation using artificial intelligence, the Wall Street Journal reported on Thursday.
Bezos has reportedly engaged with asset managers and sovereign wealth funds across regions, including the Middle East and Asia, as part of the fundraising push.
The fund plans to buy companies in key industries like chipmaking, defense and aerospace. It would be so large that it could surpass many of the world's biggest investment funds and compete with SoftBank Group's (OTC:SFTBF) (OTC:STFBY) $10
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