Valued at $38 billion! Bezos' AI lab is close to completing a $10 billion financing.

Jeff Bezos' laboratory focused on artificial intelligence (AI) applications in the physical world is nearing the completion of a round of financing totaling up to $10 billion, with a valuation of up to $38 billion. This positions the company, codenamed "Project Prometheus," to potentially become one of the largest early-stage startups globally in terms of fundraising. Amazon.com, Inc. (AMZN.US) founder Bezos is one of the initial investors in the company and has been leading the financing efforts alongside co-CEO Vikram Bajaj. Reports indicate that JPMorgan Chase (JPM.US) and BlackRock, Inc. (BLK.US) are among the investors in this round of financing, which is expected to be completed soon but has not been finalized yet. Sources reveal that this round of financing was initially launched in November last year, raising $6.2 billion in the first phase, and subsequently expanded due to strong investor demand, eventually reaching close to $10 billion. However, the above-mentioned financing is separate from another financing plan advancing simultaneously with the "Project Prometheus." The company is also raising billions of dollars for a holding company aimed at acquiring equity in businesses that its technology predicts will be disrupted. The core focus of the "Project Prometheus" is to develop AI systems that can understand the laws of physics and apply them to industries such as engineering and manufacturing. The company is dedicated to utilizing specialized models to accelerate manual processes, reduce resource consumption, and target industries including engineering, construction, and design. Currently, the company has recruited hundreds of employees, including AI scientists, industry experts, and technical talent experienced in building computing infrastructure. The holding company under the "Project Prometheus" also plans to obtain data from its portfolio companies to train its AI systems, creating a synergistic loop between data and technology. If this model is implemented, it will provide continuous data support from real industrial scenarios for the iteration of its AI systems. It is worth mentioning that the "Project Prometheus" has hired former OpenAI employee and xAI co-founder Kyle Kosek to handle infrastructure projects. Kosek previously led the construction of the Colossus supercomputer at xAI, an AI startup under Elon Musk. Sources indicate that Kosek will continue to oversee AI infrastructure projects at the "Project Prometheus." This round of financing for the "Project Prometheus" comes at a time when investors' enthusiasm for AI companies is high. OpenAI recently completed a $12.2 billion financing round at a valuation of $852 billion last month, and the company is currently advancing its public listing process, widely expected to be completed by 2026. Anthropic has attracted strong interest from multiple venture capital firms recently, with its potential financing valuation reaching an astonishing $800 billion, doubling from the $380 billion financing valuation two months ago, approaching the valuation of its competitor OpenAI. xAI, backed by Musk's commercial space giant SpaceX, is also pushing for a public listing, planning to raise $750 billion at a valuation of $1.75 trillion - potentially becoming the largest IPO in history if successful.