Jeff Bezos' Prometheus startup raises $12 billion for physical AI
Jeff Bezos' new startup Prometheus has raised $12 billion in funding, bringing its valuation to $41 billion, with major support from JPMorgan Chase and BlackRock.
Business
530 articles
The business of AI — funding rounds, acquisitions, enterprise adoption, and market moves. Who is investing, who is partnering, and how AI is reshaping company strategy and the wider economy.
LATEST NEWS
-
-
Google Sues Alleged Chinese Cybercrime Group Using AI to Send Scam Texts
Google filed a lawsuit against an alleged Chinese cybercrime network that used AI to send over 2.5 million scam texts to Android users in two weeks.
-
TCS and Anthropic Partner to Bring Claude to Regulated Industries
TCS will deploy Claude to 50,000 employees across 56 countries and develop industry-specific AI products by June 2026.
-
MANGOS Tech Companies Set for IPO Surge in 2026
The IPO market is reviving with MANGOS companies, including Meta, Anthropic, and SpaceX, set to go public in the same window, testing investor confidence and valuations.
-
Mistral AI Seeks 3 Billion Euros for European AI Expansion
French AI startup Mistral AI is in talks to raise 3 billion euros, valuing the company at around 20 billion euros.
-
OpenAI Acquires Ona to Enhance Codex for Autonomous Coding
OpenAI has acquired Ona, a German startup, to expand Codex's capabilities for long-running coding tasks, with over 5 million weekly users.
-
Niantic Spatial uses Pokémon Go data for military drone tech
Niantic Spatial, spun out of Pokémon Go developer Niantic, is using 30 billion images from players to train AI models for military drone navigation systems.
-
SpaceX IPO May Not Make Retail Investors Rich
SpaceX's $75 billion IPO, valued at $1.75 trillion, is unlikely to reward most retail investors with significant gains.
-
Jeff Bezos' Prometheus Raises $12B to Build Physical AI System
Prometheus, co-founded by Jeff Bezos, raised $12 billion at a $41 billion valuation to develop an artificial general engineer for the physical world.
-
Theker Raises 85M to Build Generalist Factory Robots
Theker, a Barcelona-based robotics startup, raised $85 million in its Series A round, the largest in Europe for robotics startups, according to TechCrunch.
-
SpaceX SPV Investors Face Uncertainty Over Share Holdings
SpaceX's IPO has left some SPV investors unsure of their true holdings, with lock-up periods delaying share distributions for up to nine months.
-
SpaceX Sets IPO Price at $135, Becomes Largest Ever
SpaceX priced its shares at $135 each, raising $75 billion in its largest-ever IPO, surpassing Saudi Aramco's 2019 offering.