Jeff Bezos's Prometheus raises $12B to build an 'artificial general engineer' for the physical world
Prometheus, a physical-AI startup co-founded and now co-led by Jeff Bezos, raised $12 billion in a Series B round at a $41 billion valuation. The company is building what it calls an "artificial general engineer," AI software meant to automate the design and manufacturing of complex physical products such as jet engines, chips, and drug compounds. The round marks Bezos's first operational chief executive role since he stepped down as Amazon CEO in 2021, and lifts the company's total funding past $18 billion.
Key Takeaways
- The new round values the physical AI startup that aims to automate heavy engineering and drug design at $41 billion.
Prometheus, the physical AI startup co-founded by Jeff Bezos and Vik Bajaj, the former co-founder of Verily, Google's life sciences unit, announced it raised $12 billion at a $41 billion valuation.
- The ambition is sweeping: replace large swaths of engineering work with AI.
Although the startup will automate many aspects of an engineer's job, Bezos told CNBC that the productivity gains AI delivers will lead to what he calls "labor scarcity" - his term for a world where demand for human workers outpaces supply.
- "People who today have two-earner households, they'll become one-earner households.
Maybe some people who are working overtime will stop working overtime."
- At $41 billion, Prometheus is one of the most richly valued AI startups ever funded, and one of the largest single bets on the physical AI sector.
But it isn't the only company attracting massive investor interest.
- Through candid fireside chats and high-impact networking, you'll walk away with valuable insights and new connections.
Stats & Key Facts
- #Prometheus, a physical-AI startup co-founded and now co-led by Jeff Bezos, raised $12 billion in a Series B round at a $41 billion valuation.
- #The round marks Bezos's first operational chief executive role since he stepped down as Amazon CEO in 2021, and lifts the company's total funding past $18 billion.
- #The new round values the physical AI startup that aims to automate heavy engineering and drug design at $41 billion.
- #Prometheus, the physical AI startup co-founded by Jeff Bezos and Vik Bajaj, the former co-founder of Verily, Google's life sciences unit, announced it raised $12 billion at a $41 billion valuation.
The new round values the physical AI startup that aims to automate heavy engineering and drug design at $41 billion. Prometheus, the physical AI startup co-founded by Jeff Bezos and Vik Bajaj, the former co-founder of Verily, Google's life sciences unit, announced it raised $12 billion at a $41 billion valuation. The new funds came from Bezos, as well as from JPMorgan Chase, Goldman Sachs, and BlackRock, among others.
This is the second fundraise round for Prometheus, which launched late last year with an initial raise of $6.2 billion, according to CNBC . Prometheus is building what it calls an "artificial general engineer" - software capable of automating the design and manufacturing of complex physical systems, from jet engines to drug compounds. The ambition is sweeping: replace large swaths of engineering work with AI.
Although the startup will automate many aspects of an engineer's job, Bezos told CNBC that the productivity gains AI delivers will lead to what he calls "labor scarcity" - his term for a world where demand for human workers outpaces supply. That puts him at odds with a number of prominent voices in tech. While some AI leaders predict widespread job losses, Bezos sees it differently.
For more details please read the original article at TechCrunch AI.
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