Amazon founder Jeff Bezos is negotiating to raise $100 billion for a new AI fund in manufacturing

According to The Wall Street Journal, Amazon founder Jeff Bezos is in early talks to raise a new fund of $100 billion, which will acquire manufacturing companies and use artificial intelligence technology to accelerate their transformation towards automation.

The Amazon founder is meeting with some of the largest asset management institutions globally to raise funds for the project. A few months ago, he traveled to the Middle East to discuss the new fund with representatives of sovereign wealth funds in the region. Recently, he traveled to Singapore to continue fundraising for the plan. This information comes from informed sources.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.