On March 20, the Wall Street Journal reported that Amazon founder Jeff Bezos is in early talks to raise a new $100 billion fund to acquire manufacturing companies and use artificial intelligence to accelerate their transition to automation.
The Amazon founder is meeting with some of the world's largest asset management firms to raise funds for the project. Several months ago, he traveled to the Middle East to discuss the new fund with representatives of the region's sovereign wealth funds. More recently, he traveled to Singapore to continue fundraising for the initiative. This information comes from sources familiar with the matter.
