Bezos' AI Labs was valued at nearly $38 billion in its funding round.

Jeff Bezos is close to completing a $10 billion funding round, valuing his lab at $38 billion. The lab focuses on developing artificial intelligence technologies that can understand the physical world and transform engineering and manufacturing. According to sources familiar with the matter, the company, codenamed "Project Prometheus," plans to close a funding round soon, bringing its valuation to $38 billion, including the new investment. Sources added that this deal will make the company one of the world's most well-funded early-stage startups, including the $6.2 billion initial funding raised in November, but the size of the round has been further increased due to strong market demand. JPMorgan Chase and BlackRock are among the participants in this new round of investment, according to one source. (Financial Times)