Jeff Bezos’s $30bn start-up seeks tens of billions to buy industrial companies disrupted by AI
Project Prometheus in new talks with Abu Dhabi and JPMorgan over vehicle to buy up businesses disrupted by the technology
Project Prometheus in new talks with Abu Dhabi and JPMorgan over vehicle to buy up businesses disrupted by the technology

Company code-named Project Prometheus is working on models for industrial applications

Deal could push AI start-up’s valuation above $500bn and involve it using the cloud giant’s chips

Start-up behind Claude tool seeks to bulk up on chips and computing power after suffering outages this year

Capital expenditure forecasts for 2026 were a third higher than Wall Street’s expectations

Lossmaking start-up commits to spending close to $1.5tn as it gobbles up processing power

Kyle Kosic joins Project Prometheus, the secretive start-up working on systems that can understand the physical world