Prometheus, a startup focused on physical AI, has successfully raised $12 billion, achieving a valuation of $41 billion. This funding round, which marks the company's second, includes investments from notable backers such as Jeff Bezos, JPMorgan Chase, Goldman Sachs, and BlackRock. Previously, the company raised $6.2 billion when it was established late last year.
The company is developing an "artificial general engineer" aimed at automating the engineering design and manufacturing processes across various sectors, including aerospace and pharmaceuticals. With a current workforce of 150 employees across locations in San Francisco, London, and Zurich, Prometheus plans to allocate a substantial portion of its latest funding toward enhancing its computational capabilities.
While there are concerns in the tech industry regarding potential job losses due to automation, Bezos envisions a future where labor demand exceeds supply, leading to increased productivity and improved living standards. He suggests that shifts in household employment structures may occur as a result of these advancements.