Jeff Bezos has been making waves with his extravagant purchases, such as a $165 million estate in Los Angeles and a $177 million property on Miami’s Indian Creek. However, his most significant recent investments may be in artificial intelligence through his family office, Bezos Expeditions.
All of the investments made this year by Bezos Expeditions have been in the AI sector, according to exclusive data from private wealth intelligence platform FINTRX. Although the exact amounts invested have not been disclosed, Bezos Expeditions participated in funding rounds totaling more than $1 billion.
In January, Bezos invested in the $73.6 million Series B round of Perplexity AI, an AI-powered search engine company. He also participated in a $63 million follow-on round in April. Perplexity AI’s valuation reportedly soared to between $2.5 billion and $3 billion, likely doubling the value of Bezos’ January investment.
In February, Bezos Expeditions invested in Figure AI, a company focused on humanoid robots that also counts Nvidia and Microsoft as investors. This venture round totaled $675 million.
In July, Bezos invested in a $300 million Series A round of Skild AI, which focuses on developing AI systems for machines and robotics devices. Historically, Bezos Expeditions has leaned heavily toward technology, with 70% of its investments in the tech sector, according to FINTRX. Consumer goods follow at 16%, with financial services and manufacturing both at 13%. Currently, AI seems to be his primary focus.
In a podcast interview in January, Bezos remarked that AI tools are “not inventions, but discoveries” that will profoundly impact technology and bring about significant change. He expressed optimism about AI’s potential, stating that these powerful tools are more likely to help and save humanity than harm it.
Bezos is not alone in his enthusiasm for AI. According to the UBS Global Family Office Report, AI has become the top investment category for family offices, with 78% planning to invest in AI over the next two to three years.
Amazon, the company Bezos founded, has also been heavily investing in AI, planning to pour more than $100 billion into data centers over the next decade and investing $4 billion in Anthropic, an AI safety and research firm.
Recently, Bezos filed a stock-sale plan to sell another $5 billion worth of Amazon shares this year, after already selling $8 billion worth earlier. With over $13 billion in cash, Bezos is well-positioned to make significant bets on the AI boom, reinforcing his commitment to this transformative technology.
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