Lates News

According to the Financial Times, Jeff Bezos is reportedly close to completing a $100 billion financing deal, with his lab being valued at $380 billion. The lab focuses on developing artificial intelligence technology that can understand the physical world and revolutionize engineering and manufacturing industries. Sources reveal that the company, codenamed "Project Prometheus," plans to complete a round of financing soon, including new injections of funds, which will result in a valuation of $380 billion. Sources also add that this deal will make the company one of the most well-funded early-stage startups globally, including the initial $6.2 billion raised in November. Due to high market demand, the financing size has further expanded. One source revealed that JPMorgan and BlackRock are participating in this new round of investment.