Jeff Bezos’ artificial intelligence venture, Project Prometheus, is close to raising $10 billion in a new funding round that could value the startup at $38 billion, according to a report. | Photo Credit: REMO CASILLI

Jeff Bezos' artificial ​intelligence lab is close to raising $10 ‌billion in a new ​funding round, valuing the ⁠new startup called Project Prometheus at $38 billion, the Financial Times reported ‌on Monday, citing sources.

The fundraising comes amid ‌strong investor enthusiasm for ‌AI companies ⁠as heavy technology ⁠spending reshapes businesses across sectors.

* JPMorgan and BlackRock are among the investors in ​the new ‌round, the newspaper said, adding that the fundraising was expected to close soon ‌but had not been finalized.

* ​The startup is focused on AI for ⁠engineering and manufacturing computers, automobiles and spacecraft, according to media reports.

* ‌Amazon.com founder Bezos is among the initial investors in the venture and has been leading fundraising effort alongside co-chief executive Vikram Bajaj, ‌the report said.

* BlackRock declined ​to comment. JPMorgan and the project's co-founders, Sherjil ⁠Ozair and William Guss, did ⁠not immediately respond to Reuters' requests for comment. Bezos ‌could not be reached for comment.

Published on April 21, 2026