Amazon founder Jeff Bezos is in early discussions to raise as much as $100 billion for a new investment vehicle aimed at acquiring and revitalizing manufacturing companies through the application of artificial intelligence, according to the Wall Street Journal.

The proposed fund, described in investor materials as a “manufacturing transformation vehicle,” would target companies in strategic industrial sectors such as semiconductor fabrication, defense and aerospace. Bezos has held preliminary meetings with some of the largest asset managers in Asia and the Middle East, though the talks remain at an nascent stage, the Journal said.

The initiative is closely linked to Project Prometheus, the AI startup Bezos co-founded and co-leads as CEO. Launched in late 2025 with $6.2 billion in initial funding—much of it from billionaire himself—the company is developing advanced AI models designed to understand and simulate the physical world.

Project Prometheus, valued at roughly $30 billion following its initial round, is separately pursuing additional capital, the Journal also reported.

The unprecedented surge in investment into artificial intelligence has raised a host of unresolved questions. Is the AI boom a bubble destined to burst? And perhaps more pressingly, how will the world muster sufficient energy to sustain this revolutionary technology amid soaring power demands from data centers?

In an interview at Italian Tech Week in October, Bezos offered an answer to the second question.

The Amazon founder predicted that “gigawatt-scale” data centers—massive facilities capable of drawing power on the scale of entire cities—will begin to be constructed in orbit within the next 10 to 20 years. The billionaire argued that the orbital installations would harness constant, uninterrupted solar energy, free from clouds, weather, or nighttime interruptions that constrain terrestrial operations.

“These giant training clusters…will be better built in space, because we have solar power there, 24/7. There are no clouds and no rain, no weather,” Bezos said during a fireside conversation with Ferrari and Stellantis Chairman John Elkann. “We will be able to beat the cost of terrestrial data centers in space in the next couple of decades.”

The concept of orbital data centers has gained traction among tech giants as Earth-based facilities devour electricity and water to cool their racks of servers. Continuous sunlight and zero weather make space an appealing option - at least in theory.

But Bezos acknowledged there are serious hurdles ahead: maintenance and upgrades would be far more difficult in orbit, rocket launches are costly, and any failure could wipe out billions in hardware in a flash.

Still, the Amazon founder insisted that as launch costs fall and technology improves, the economics will eventually tilt in space’s favor.