Jeff Bezos Nears $10 Billion Funding Round for AI Lab Project Prometheus at $38 Billion Valuation

Published on

Jeff Bezos is close to securing a massive $10 billion funding round for his artificial intelligence venture Project Prometheus, according to a Financial Times report. The deal, which is still under discussion, would value the startup at approximately $38 billion, placing it among the most heavily funded early-stage AI companies globally. The investment reflects the continued surge in capital flowing into advanced artificial intelligence platforms, particularly those targeting industrial and real-world applications.

The funding round is expected to include participation from major financial institutions such as JPMorgan and BlackRock, highlighting strong institutional interest in next-generation AI systems. While the discussions have progressed significantly, the deal has not yet been finalized. Investor appetite for artificial intelligence ventures remains high, with large-scale funding increasingly directed toward companies developing foundational AI infrastructure rather than consumer-facing applications alone.

Project Prometheus, co-founded by Jeff Bezos and scientist Vikram Bajaj, is focused on building “physical AI” systems designed to operate beyond digital environments. The startup is working on models that can interact with the physical world and support industries such as aerospace, manufacturing, automotive engineering, and advanced robotics. This approach differentiates it from traditional AI firms that primarily focus on language-based or software-driven models.

Launched in late 2025, the company initially raised $6.2 billion and has since expanded its technical teams by hiring talent from leading artificial intelligence organisations including OpenAI, Google DeepMind, and xAI. The startup is also exploring strategies that combine AI development with industrial transformation, as global competition intensifies in the race to build scalable and applied artificial intelligence systems.

Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem. 

Latest articles

Daftarkhwan and Robotronics ai Launch Kids Summer Camp in Lahore 

Daftarkhwan has partnered with Robotronics.ai to host Pakistan's largest AI and Robotics Kids Summer Camp 2026 at Daftarkhwan Vogue in Gulberg, Lahore, offering three expert camp tracks for children aged 4 to 16 at PKR 16,000 per student.

Accelerate Prosperity Opens Applications for Road to TechCrunch Battlefield 2026 

Accelerate Prosperity and Silkroad Innovation Hub have opened applications for the Road to TechCrunch Startup Battlefield 2026 program, offering early-stage startups from Kyrgyzstan and the Central Eurasia region a chance to pitch at TechCrunch Disrupt in San Francisco with 100,000 dollars in investment funding for top finishers. Apply at road2battlefield.com by June 30.

Karachi First Teen Entrepreneurship Program Launches by Umeed Labs Founder 

Mahjabeen Alvina, Founder of Umeed Labs and Biomedical Engineer, has launched Karachi's first Design Thinking and Entrepreneurship Program for teenagers aged 14 to 18, a six-month weekly programme covering startup ideation, critical thinking, problem solving, and live pitching.

Pakistan Launches Pur Azm Platform to Connect Youth to Skills and Employment

The Government of Pakistan, through the Prime Minister Youth Programme, in partnership with UNICEF and Generation Unlimited, has launched Pur Azm Pakistan, a national platform designed to expand access to skills, employment, entrepreneurship, and economic opportunities for young people.

More like this

Daftarkhwan and Robotronics ai Launch Kids Summer Camp in Lahore 

Daftarkhwan has partnered with Robotronics.ai to host Pakistan's largest AI and Robotics Kids Summer Camp 2026 at Daftarkhwan Vogue in Gulberg, Lahore, offering three expert camp tracks for children aged 4 to 16 at PKR 16,000 per student.

Accelerate Prosperity Opens Applications for Road to TechCrunch Battlefield 2026 

Accelerate Prosperity and Silkroad Innovation Hub have opened applications for the Road to TechCrunch Startup Battlefield 2026 program, offering early-stage startups from Kyrgyzstan and the Central Eurasia region a chance to pitch at TechCrunch Disrupt in San Francisco with 100,000 dollars in investment funding for top finishers. Apply at road2battlefield.com by June 30.

Karachi First Teen Entrepreneurship Program Launches by Umeed Labs Founder 

Mahjabeen Alvina, Founder of Umeed Labs and Biomedical Engineer, has launched Karachi's first Design Thinking and Entrepreneurship Program for teenagers aged 14 to 18, a six-month weekly programme covering startup ideation, critical thinking, problem solving, and live pitching.