Jeff Bezos is looking to raise $100 billion dollars for a new fund. According to the Wall Street Journal, the idea is to buy manufacturing companies and use AI to ramp automation. 

Described as a "manufacturing transformation vehicle," Bezos, who has a net worth of approximately $250 billion as of late last year, is reportedly reaching out to major financial players in the Middle East and Singapore to raise money. 

Bezos is reportedly looking to target large industries, including aerospace, chipmaking and defense. 

Last year, The New York Times reported that Bezos would return to an operational role for the first time since 2021, when he stepped down as Amazon CEO. He’ll serve ⁠as co-CEO of a new startup called Project Prometheus. Prometheus launched with some $6.2 billion in funding and a focus on using AI to engineer and manufacture hard goods, like cars, planes and computers. 

Project Prometheus reportedly built a staff of nearly 100 employees, including recruits from OpenAI, DeepMind, and Meta, to work on physical AI, machine learning systems that source real-world data to make decisions in real-time.

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