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TEXXR

Chronicles

The story behind the story

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Sources: Jeff Bezos' Project Prometheus is raising tens of billions to buy companies hit by AI; it was valued at ~$30B in November 2025 when it raised $6.2B

Project Prometheus in new talks with Abu Dhabi and JPMorgan over vehicle to buy up businesses disrupted by the technology

Financial Times

Discussion

  • @scriban @scriban on bluesky
    I'm not a conspiracy guy, but Bezos and a bunch of Valley plutocrats buying businesses on the cheap once they've been wrecked by the AI they're pimping might just turn me into one.
  • @michalwols Michal Wolski on x
    I expect OpenAI and Anthropic to start doing the same use their scaling law driven ballooning equity to buy up old established companies sitting on proprietary data and large consumer bases