Mar. 19 at 7:36 PM
PickAlpha Midday:
Jeff Bezos is reportedly trying to raise
$100B for a new fund to buy manufacturers and use AI to accelerate automation across sectors like chipmaking, defense, and aerospace. The project would be tied to Project Prometheus, the Bezos-backed AI company that Reuters previously reported raised
$6.2B and brought Bezos back into an operating role as co-CEO. 
Tickers:
$ROK $PH $ETN
Our view is Bezos is trying to build a Vision Fund for atoms. If real capital shows up, the market will start paying up for anything tied to industrial automation, controls, and factory-efficiency software, because this is a direct bet that AI’s next trillion-dollar use case is not chat — it’s replacing labor and upgrading the physical economy.