00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Jeff Bezos is in early talks to raise $100 billion for a fund focused on buying manufacturing
00:08companies and using AI to accelerate automation, according to people familiar with the matter.
00:14Bezos has met with asset managers and sovereign wealth representatives in the Middle East
00:18and Singapore to secure funding. The fund, described as a manufacturing transformation
00:24vehicle, would target sectors including chip making, defense, and aerospace.
00:28The fund would surpass many of the world's largest buyout funds and rival SoftBank's $100
00:34billion vision fund. Bezos plans to use technology from Project Prometheus, where he serves as
00:40co-CEO, to improve efficiency and profitability. For all things money, visit Benzinga.com.
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