Jeff Bezos Nears $10 Billion Funding for AI Lab, FT Says

Jeff Bezos is close to finalizing a $10 billion funding round for his AI startup that’s developing models with the capability of understanding the physical world, the Financial Times reported.

The fresh funding values the company, code-named Project Prometheus, at $38 billion, the newspaper said, citing people familiar with the deal. JPMorgan and BlackRock are among the investors in the new round, the FT said, citing a person familiar with the matter. The round is expected to close soon but has not been finalized, it said. Prometheus, BlackRock and JPMorgan declined to comment to the FT.