Gate News message, April 22 — Jeff Bezos’ AI company Project Prometheus is close to finalizing a $10 billion fundraising round from JPMorgan, BlackRock, and other institutional investors, according to The Financial Times, citing people familiar with the matter. The funding round values the company at approximately $38 billion.
Project Prometheus launched in November 2025 with a $6.2 billion seed round from investors including Bezos himself. Demand from institutional investors was so high that the company extended the round to accommodate an additional $10 billion in capital.
The company is building physical AI systems designed to understand the laws of physics and interact with the physical environment, particularly in manufacturing and industrial applications. This differs from large language models developed by OpenAI, Anthropic, and Google, which are primarily trained on text, code, and internet-sourced data. Physical AI systems require real-world interaction data such as sensor readings, manufacturing processes, and tactile feedback—information that is typically proprietary and expensive to collect.
Bezos and co-chief executive Vikram Bajaj, a former Google executive, are separately raising tens of billions of dollars for a holding company that would acquire engineering, architecture, and design firms. These acquisitions would provide the real-world data needed to train Prometheus AI systems. The company has recruited over 100 employees from Meta, OpenAI, and DeepMind. In related news, Amazon committed an additional $5 billion to Anthropic, with an option to invest up to $20 billion more over time.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
OpenAI Reaches $1 Trillion Pre-IPO Valuation Amid Race with SpaceX and Anthropic
OpenAI nears a $1T implied pre-IPO via on-chain bets; SpaceX and Anthropic target similar valuations as AI infrastructure costs surge, driving subscription revenue while Anthropic faces pricing confusion.
GateNews50m ago
DeepSeek's Valuation Surges Past $20 Billion as Tencent and Alibaba Weigh Investments
DeepSeek seeks >$20B as Tencent/Alibaba discuss investment; Nvidia warns US chip edge could be undermined by Huawei; AI funding continues to surge with Vast Data's $1B round and OpenAI/Anthropic/xAI investments.
DeepSeek aims for a valuation above $20 billion amid talks with Tencent and Alibaba, while Nvidia warns that shifting AI models to Huawei chips could erode U.S. lead. The piece also notes a global surge in AI funding, including Vast Data's $1 billion round at a $30 billion valuation and major investments in OpenAI, Anthropic, and xAI.
GateNews3h ago
OpenClaw, Hermes, and SillyTavern Confirmed in GLM Coding Plan Support
Zhipu AI PM Li announces OpenClaw, Hermes, and SillyTavern as supported GLM Coding Plan projects; other tools will be evaluated case-by-case. Do not share credentials or use subscriptions as API access; contact support for error 1313.
Zhipu AI product manager Li announced that OpenClaw, Hermes, and SillyTavern are officially supported under the GLM Coding Plan, with other tools evaluated case-by-case. The note cautions against sharing credentials or using subscriptions as API access and directs users with error 1313 to contact support.
GateNews6h ago
Google Cloud CEO: Gemini to Power Apple's Personalized Siri Rollout in 2026
Summary: Gemini will power a personalized Apple Siri in 2026, built on Apple's Foundation Models and Gemini collaboration; Apple tests a chat-like Siri in iOS 27/macOS 27, slated for WWDC 2026.
Abstract: Google Cloud's Gemini is set to power a personalized Apple Siri by 2026, blending Gemini with Apple's Foundation Models under a roughly $1 billion collaboration. Apple is testing a redesigned, chat-like Siri in iOS 27/macOS 27, with a Dynamic Island interface and new features, ahead of a WWDC 2026 unveiling on June 8.
GateNews6h ago
SpaceX $60B Cursor Deal Fuels SBF's Pardon Push as FTX's $200K Stake Now Worth $3B
Gate News message, April 22 — SpaceX announced a major partnership with AI coding startup Cursor today, with an option to acquire the company for $60 billion. The deal has given fresh ammunition to Sam Bankman-Fried (SBF), who is currently incarcerated and pushing for a presidential pardon, as it de
GateNews6h ago
Chegg Stock Crashes 99% as AI Disrupts Edtech Market
Summary: Chegg soared during online-education demand, then AI tools disrupted its model, triggering massive layoffs and a collapse below $2, with broader AI-driven shifts hitting crypto miners and fintech firms.
Abstract: This article examines Chegg's rise as a pandemic-era edtech darling and its ensuing decline amid the rapid adoption of generative AI, which provides quick answers and undercuts Chegg's value proposition. It documents 2025 layoffs and the stock's plunge toward delisting, and frames Chegg's experience within a broader AI disruption reshaping tech and crypto: Bitcoin miners pivot to AI operations, and AI-native strategies redefine competitiveness in fintech and beyond.
CryptoFrontier6h ago
