Amazon founder Jeff Bezos plans to raise $100 billion for AI-driven manufacturing fund

Amazon founder Jeff Bezos is reportedly in early talks to raise $100 billion for a new fund that would acquire manufacturing companies and seek to use AI technology to speed up automation. According to a report by the Wall Street Journal, Bezos is meeting with some of the world’s largest asset managers to raise funding for the project. The fund, reportedly called “manufacturing transformation vehicle” in investor documents, aims to buy companies in major industrial sectors such as chipmaking, defense and aerospace. The fund is expected to be larger than some of the world’s biggest buyout funds and could rival SoftBank’s $100 billion tech-focused Vision Fund.

Jeff Bezos seeks funding for new investment fund