Wall Street Breakfast Jeff Bezos creating AI startup
21 snips
Nov 17, 2025 Jeff Bezos is making waves by co-leading Project Prometheus, an ambitious AI startup with a $6.2 billion investment aimed at engineering and aerospace. Meanwhile, Berkshire Hathaway’s new stake in Alphabet has sparked a market rally. In other news, UBS is considering moving its headquarters to the U.S. due to regulatory changes, while Novo Nordisk is slashing prices to compete with Eli Lilly's obesity drugs. Lastly, Netflix’s 10-for-1 stock split has just taken effect, significantly affecting its share trading.
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Bezos Launches Deeply Funded AI Venture
- Jeff Bezos is co-leading a well-funded AI startup called Project Prometheus with $6.2 billion in initial funding.
- The venture focuses on AI for engineering and manufacturing that aligns with Bezos' aerospace interests.
AI Focused On Engineering And Manufacturing
- Project Prometheus targets AI applied to computers, aerospace, and automobiles to aid engineering and manufacturing.
- The company has already hired nearly 100 people, including researchers from OpenAI, DeepMind, and Meta.
Berkshire Stake Lifts Alphabet Shares
- Alphabet rallied after Berkshire Hathaway disclosed a 17.85 million share stake in its 13F filing.
- That holding represents about 1.6% of Berkshire's portfolio and is its tenth largest equity position.