Yann LeCun raises $1 billion for his Advanced Machine Intelligence Labs, breaking European records
One of the esteemed pioneers of generative AI, Yann LeCun, has raised $1.03 billion in a seed funding round for his company Advanced Machine Intelligence (AMI) Labs, the largest seed round for a European company. This give AMI Labs a pre-money valuation of $3.5 billion.
The company said the round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions. Nvidia, Dassault Group, and global investment firm Temasek are also listed as investors.
After recently leaving Meta, LeCun is making a bold bet that “world models” — which understand how physical objects interact with their environment — are the key to AI’s next big breakthrough, rather than large language models.
The EU is eager to build out its own bench of AI startups as it seeks to build a “Euro stack” that lessens the region’s dependence on American tech companies. The Paris-based AMI Labs will instantly become one of the most important tech companies working on AI in the EU.
The company said the round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions. Nvidia, Dassault Group, and global investment firm Temasek are also listed as investors.
After recently leaving Meta, LeCun is making a bold bet that “world models” — which understand how physical objects interact with their environment — are the key to AI’s next big breakthrough, rather than large language models.
The EU is eager to build out its own bench of AI startups as it seeks to build a “Euro stack” that lessens the region’s dependence on American tech companies. The Paris-based AMI Labs will instantly become one of the most important tech companies working on AI in the EU.
