tech
Here's what Jeff Bezos' new startup Prometheus will do
It isn’t the only startup tackling physical AI, but it’s one of the best-funded.
TL;DR
- Jeff Bezos announced he would co-CEO of a new startup called Prometheus, focusing on 'physical AI'.
- Prometheus has raised $12 billion in a new funding round, adding to $6.2 billion from last year, for a total valuation of $41 billion.
- The funding will be largely used to purchase compute power needed for data creation.
- The company's primary goal is to create an 'artificial general engineer' to accelerate the invention loop.
- Bezos stated the objective is to produce technological breakthroughs that generate 'civilizational wealth'.
- Co-founder Vik Bajaj described the goal as arming engineers with better tools to design new technologies more quickly.
- There are plans to raise a $100 billion investment fund for companies that can benefit from Prometheus's innovations.
- Prometheus is entering a competitive landscape of startups exploring AI applications in the physical world but has a significant funding advantage.