Jeff Bezos is close to a $10bn fundraising deal from investors at a $38bn valuation for his lab, which is focused on AI that can understand the physical world and transform engineering and manufacturing. The company, code-named Project Prometheus, is planning to imminently close a funding round at a valuation of $38bn, including the new money, according to people familiar with the deal. The agreement, which would make the company one of the best-financed early-stage start-ups globally, includes an initial $6.2bn raised in November but has been extended because of demand, the people added. Bezos is among the initial investors. The Amazon founder’s AI venture marks the first time he has served in an operational role since stepping down as chief executive of the ecommerce giant in 2021.

Full report : Jeff Bezos’ Project Prometheus is close to a $10 billion fundraising deal, which includes an initial $6.2 billion raise in November, at a $38 billion post-money valuation.