US EditionJeff Bezos Seeking $100 Billion to Buy Manufacturing Companies, 'Transform' Them With AI
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Bernie Sanders Warns Jeff Bezos' $100 Billion Robot Push Will 'Replace Working People,' Urges Americans To 'Stand Up And FIGHT BACK' - Amazon.com (NASDAQ:AMZN)
Bernie Sanders warns that Jeff Bezos's $100 billion automation plan could devastate jobs. Other experts and lawmakers also express concerns. Importance Rank: 1
Jeff Bezos Seeking $100 Billion to Buy Manufacturing Companies, 'Transform' Them With AI
Jeff Bezos "is in early talks to raise $100 billion," reports the Wall Street Journal, "for a new fund that would buy up manufacturing companies and seek to use AI technology to accelerate their path to automation." "The Amazon.com founder is meeting with some of the world's largest asset managers to raise funding for the project." A few months ago, [Bezos] traveled to the Middle East to discuss the new fund with sovereign wealth representative…
Amazon's founding billionaire, Jeff Bezos, aims to raise about $100 billion for a new fund to acquire manufacturing companies affected by artificial intelligence, according to the Wall Street Journal, an initiative that is probably related to his secret AI-based manufacturing startup, Project Prometheus. [...] The entry All we know about Jeff Bezos' $100 billion plan for acquiring AI-affected manufacturing companies appears first in Forbes Spain.
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