Bezos's AI startup Prometheus has completed a $12 billion Series B funding round, with participation from JPMorgan, BlackRock, and others

According to GeekWire, AI startup Prometheus, co-founded by Jeff Bezos, has completed a $12 billion Series B funding round, with a valuation of approximately $41 billion. Investors include JPMorgan Chase, BlackRock, Goldman Sachs, DST Global, and Arch Venture Partners.

Prometheus has dropped "Project" from its original name and is dedicated to creating what Bezos calls "general artificial intelligence engineers," using AI tools to accelerate the physical product development process from design to manufacturing. Prometheus co-CEO Vik Bajaj stated that over the past few years, they have been able to transform complex issues from design to manufacturing into end-to-end AI problems. Bezos revealed that the company may acquire some manufacturing businesses that could benefit from its technology and help improve their production processes.

This marks Bezos's first CEO role since stepping down as Amazon's CEO in 2021. The company currently has about 150 employees and is headquartered in San Francisco, with teams in London and Zurich. Bezos mentioned that the product launch timeline has not yet been determined, but an early version is set to be released soon.