Home / Business and Economy / Yann LeCun's AMI Labs Eyes $3.5B Valuation
Yann LeCun's AMI Labs Eyes $3.5B Valuation
19 Jan
Summary
- AMI Labs seeks €500 million, aiming for a €3 billion valuation.
- Startup focuses on world models, opposing large language models.
- Potential investors include Cathay Innovation and Hiro Capital.
Yann LeCun's artificial intelligence startup, AMI Labs, is in advanced discussions for a significant funding round, potentially valuing the company at €3 billion ($3.5 billion). The startup is seeking to raise €500 million, with an initial €350 million expected to close in the coming weeks. This venture represents a notable effort to explore an alternative to prevailing large language models.
AMI Labs' core focus is on developing "world models," which are designed to enable AI systems to better understand and navigate the physical world. LeCun, a pioneer in deep learning, has expressed skepticism about the long-term potential of LLMs, positioning world models as a more promising path to human-level intelligence. The company's technology has potential applications in robotics and smart manufacturing.
The startup has attracted interest from several prominent investors, including Cathay Innovation, Hiro Capital, and Greycroft. Meta, LeCun's former employer, also plans to partner with AMI Labs, though not as a financial investor. AMI Labs intends to generate revenue through industrial partnerships and technology licensing, with planned operations in Paris, New York, Montreal, and Singapore.
