Yann LeCun confirms his new ‘world model’ startup, reportedly seeks $5B+ valuation
Yann LeCun has launched Advanced Machine Intelligence (AMI) with Alex LeBrun as CEO, aiming to develop 'world model' AI and seeking significant funding.Summary
Renowned AI scientist Yann LeCun confirmed the launch of his new startup, Advanced Machine Intelligence (AMI), with Alex LeBrun, formerly CEO of Nabla, taking the helm as CEO. AMI is focused on developing 'world model' AI, an alternative to Large Language Models (LLMs) that aims to understand and simulate the environment to predict outcomes and avoid the 'hallucinations' common in LLMs. The company is reportedly seeking €500 million (approximately $586 million) at a €3 billion (approximately $3.5 billion) valuation. This fundraising goal, while ambitious, is in line with recent valuations for AI startups founded by leading scientists, such as Mira Murati’s Thinking Machines Lab. Nabla, LeBrun’s previous company, will partner with AMI to utilize its models and is currently searching for a new CEO. LeCun will serve as Executive Chairman of AMI.
(Source：TechCrunch)