"Large language models, he argued, were a statistical illusion. Impressive, yes. Intelligent, no. He thought he could build something better, and he thought he could do it faster outside Meta than inside it. On Tuesday, investors put $1.03 billion behind that conviction."
"Advanced Machine Intelligence Labs, AMI, pronounced like the French word for 'friend', announced its seed round on 10 March 2026, just four months after its founding. The round values the company at $3.5 billion on a pre-money basis and is believed to be the largest seed round ever raised by a European startup."
"Five firms co-led it: Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, the vehicle through which Amazon founder Jeff Bezos makes personal investments. Nvidia, Toyota, Samsung, and Singapore's Temasek also participated, alongside French VC firm Daphni, South Korean investor SBVA, and a long list of prominent individuals."
Yann LeCun, a Turing Award winner and former Meta AI research leader, departed the company in November 2025 after twelve years, believing large language models represent a statistical illusion rather than true intelligence. He founded Advanced Machine Intelligence Labs (AMI) to develop superior AI technology. In March 2026, just four months after founding, AMI announced a $1.03 billion seed round, Europe's largest ever, valuing the company at $3.5 billion pre-money. The funding was co-led by five major firms including Bezos Expeditions, with participation from Nvidia, Toyota, Samsung, Temasek, and prominent investors including Jeff Bezos, Eric Schmidt, and Mark Cuban. LeCun initially sought €500 million but exceeded that target significantly.
Read at TNW | Artificial-Intelligence
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