Meta's Yann LeCun Targets 3bn Valuation for New AI Start-Up
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Meta's Yann LeCun Targets 3bn Valuation for New AI Start-Up
"Meta's chief artificial intelligence scientist, Yann LeCun, is in early discussions to raise €500mn for a new artificial intelligence start-up, a move that would value the yet-to-launch company at roughly €3bn, according to people familiar with the matter. The venture, called Advanced Machine Intelligence Labs (AMI Labs), is expected to be formally announced in January. LeCun, a Turing Award winner and one of the pioneers of modern AI, will serve as executive chair."
"As part of the new start-up's leadership structure, Alexandre LeBrun, founder of French health tech company Nabla, has been lined up as chief executive. Nabla confirmed the transition in a statement. "As part of a planned, board-supported transition, Nabla co-founder and CEO Alex LeBrun will transition from his role to become CEO of AMI Labs," said Delphine Groll, Nabla's co-founder and chief operating officer."
Yann LeCun is in early talks to raise €500mn to launch Advanced Machine Intelligence Labs (AMI Labs), valuing the yet-to-launch company at roughly €3bn. AMI Labs is expected to be formally announced in January, with LeCun as executive chair. Alexandre LeBrun, founder of French health tech company Nabla, has been lined up as chief executive and will transition from his current role, while Nabla enters a strategic research partnership and will be led temporarily by Delphine Groll. AMI Labs will focus on building superintelligent systems using world models that learn from video, spatial, and sensory data for robotics, transportation, and complex decision-making.
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