Advertisement|Remove ads.

Advertisement|Remove ads.
Amazon.com Inc. (AMZN) and Blue Origin founder Jeff Bezos-backed AI startup Prometheus on Thursday raised $12 billion in its latest funding round.
According to a report by The Wall Street Journal, Prometheus is now valued at $41 billion, with Bezos, JPMorgan Chase, Goldman Sachs, and BlackRock participating in the fundraising.
Prometheus plans to build an “artificial general engineer” that can dive into the hardware world to design and manufacture complex products like jet engines.
Advertisement|Remove ads.
Bezos highlighted that Prometheus's goal is to make it easier and faster for engineers to innovate. He added that the startup’s objective is to make engineers more productive, with smaller teams focusing on bigger things on a shorter time scale.
“The idea that you might build a set of tools that could actually do engineering, an artificial general engineer. It’s a dream that we’ve had, as people thought about for decades, but it’s never really been possible. But now it is, and that’s what we’ve been working on since late 2024,” Bezos said in another interview with CNBC.
Bezos said that Prometheus has a team of 150 people in offices across San Francisco, London, and Zurich.
Advertisement|Remove ads.
Bezos added that Prometheus could be one of Amazon’s customers, as the startup requires more compute capacity. “It’s easy to imagine Amazon or any hyperscaler using the kinds of tools that Prometheus is developing to improve their data centers,” Bezos said, while adding that the two companies would remain at arm’s length.
However, he said that Prometheus currently sources its compute infrastructure from multiple sources because capacity is scarce right now.
Bezos downplayed concerns that AI could lead to job losses, saying that if the technology makes it cheaper, easier, and faster to invent, it would actually create more jobs, not fewer.
Advertisement|Remove ads.
He also said that AI would boost productivity and raise the standard of living enough for households relying on two incomes to make do with just one.
“A lot of people who for example today have two-earner households, perhaps one of those earners will choose not to be in the job market, so they’ll become a one-earner household,” he said.
The Global X Artificial Intelligence & Technology ETF (AIQ) is up 46% over the past 12 months, while the iShares U.S. Technology ETF (IYW) is up 43%.
Advertisement|Remove ads.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Comments posted here will also appear on symbol pages.