"We have secured a $1.03 billion USD seed round to fuel our mission to build intelligent systems capable of truly understanding the real world-a long-term scientific endeavor. AMI Labs said in an X post on Tuesday the round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, alongside other investors."
"AMI Labs will focus on building world models, a type of AI system designed to better understand and reflect how the real world works. LeCun had said that the startup will be among the few frontier AI labs that are 'neither Chinese nor American.'"
"AI researcher and New York University computer science professor Saining Xie also said in a post on X on Tuesday that he has joined the founding team. Xie, who serves as cofounder and chief science officer, wrote that 'AMI isn't a conventional lab.'"
Advanced Machine Intelligence (AMI Labs), founded by Yann LeCun after his departure from Meta, has secured $1.03 billion in seed funding led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions. Alex LeBrun, an entrepreneur and former Facebook researcher, joined as CEO, while AI researcher Saining Xie became cofounder and chief science officer. The startup is building a team across four global hubs in Paris, New York, Montreal, and Singapore. AMI Labs focuses on developing world models—AI systems designed to understand how the real world functions. The company positions itself as a frontier AI lab that is neither Chinese nor American, with Meta agreeing to partner with the venture without investing.
Read at Business Insider
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