AI whiz Yann LeCun is already targeting a $3.5 billion valuation for his new startup-and it hasn't even launched yet | Fortune
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AI whiz Yann LeCun is already targeting a $3.5 billion valuation for his new startup-and it hasn't even launched yet | Fortune
"Yann LeCun, the legendary artificial intelligence researcher who helped build and shape Meta's AI strategy, is already underway on his next big thing. Less than a month after announcing his departure from Mark Zuckerberg's social media empire, the 65-year-old Turing Award winner has launched fundraising talks that would value his new venture at roughly $3.5 billion before it's even launched. The startup, Advanced Machine Intelligence Labs (AMI Labs), aims to create what LeCun calls "world models": AI systems that understand physics, maintain persistent memory, and plan complex actions rather than simply predicting the next word."
"The €500 million (~$586 million) funding target would be one of the largest pre-launch raises in AI history, reflecting investor confidence in LeCun's vision of moving beyond today's large language models. "Silicon Valley is completely hypnotized by the current models of generative AI," LeCun explained earlier this month at the AI-Pulse conference. "To pursue this kind of new research, you have to go outside the Valley-to Paris.""
Yann LeCun founded Advanced Machine Intelligence Labs (AMI Labs) to develop "world models": AI systems that understand physics, maintain persistent memory, and plan complex actions rather than only predicting text. The company is pursuing a €500 million funding target and negotiations that could value the venture at about $3.5 billion before launch. AMI Labs plans to establish headquarters in Paris with LeCun as executive chairman and Alexandre LeBrun as CEO. The move follows LeCun's departure from Meta after 12 years and reflects his view that new research requires leaving Silicon Valley. Meta will not invest but will partner with AMI Labs.
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