After stepping down as Amazon’s CEO 4 years in the past, Jeff Bezos, the billionaire founder and former chief government of the web procuring firm, goes to be a CEO once more. This time, Bezos has appointed himself co-CEO of an AI startup referred to as Venture Prometheus, the New York Occasions reported, citing nameless sources.
The startup, which is able to give attention to growing AI for engineering and manufacturing in numerous fields, has already acquired $6.2bn in funding – greater than many corporations are capable of elevate of their lifetimes. Main the corporate alongside Bezos is his co-founder and co-CEO Vik Bajaj, a star tech government in his personal proper. Bajaj is a physicist and chemist finest recognized for his work at Google’s moonshot manufacturing unit, X, the place he based the well being startup Verily.
It’s unclear how lengthy the corporate has existed, however Venture Prometheus has already employed 100 workers, poaching a number of from companies like OpenAI, DeepMind and Meta, in accordance with the Occasions. Little else is thought concerning the undertaking, as Bezos didn’t disclose the place the corporate shall be primarily based or how its know-how would possibly perform. The world’s third-richest particular person has been intently concerned at his aerospace firm Blue Origin for a number of years as its founder and sole shareholder, however turning into a CEO once more would be the first formal position Bezos has taken since stepping down from Amazon.
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Bezos and Bajaj be part of a crowded AI market the place billions of {dollars} are being poured into opponents like OpenAI and billions extra are being spent to assist the speedy growth of AI fashions. Extra consultants are starting to query the monetary sustainability of the AI business, although. Michael Burry, finest recognized for precisely predicting the 2008 housing disaster, lately invested $1bn in bets that Palantir and Nvidia shares will fall simply days after he accused a number of the huge tech companies of utilizing accounting methods to “artificially enhance earnings”.
