Bezos’ Physical AI Lab Has Closed Round at $38 Billion Value

Project Prometheus, the artificial intelligence lab that Amazon.com Inc. founder Jeff Bezos is leading with Google veteran Vik Bajaj, has closed a $10 billion funding round that values the company at roughly $38 billion, according to a person familiar with the situation.

JPMorgan Chase & Co. and BlackRock Inc. are among the firms participating in the round, but there is no lead investor, the person said, asking not to be identified because the information isn’t yet public. The lab, which is focused on developing AI models and tools that help engineer and manufacture physical products, may announce investors in the round in the coming months, the person said.