Jeff Bezos Nears $10 Billion Funding for AI Lab, FT Says (1)

Jeff Bezos is close to finalizing a $10 billion funding round for his AI startup that’s developing models with the capability of understanding the physical world, the Financial Times reported.

The fresh funding values the company, code-named Project Prometheus, at $38 billion, the newspaper said, citing people familiar with the deal. JPMorgan and BlackRock are among the investors in the new round, the FT said, citing a person familiar with the matter. The round is expected to close soon but has not been finalized, it said. Prometheus, BlackRock and JPMorgan declined to comment to the FT.

Jeff Bezos

Photographer: Eva Marie Uzcategui/Bloomberg

Project Prometheus, ...