US EditionMeta's Yann LeCun targets $3.5 billion valuation for new AI startup, FT reports
Yann LeCun’s new AI startup aims to build world-model systems with reasoning and planning capabilities, targeting a €3 billion valuation through €500 million fundraising before launch.
- On Dec 18, Meta's outgoing chief artificial intelligence scientist Yann LeCun is holding early talks to raise 500 million euros, valuing his new startup at about 3 billion euros, the Financial Times reported.
- This year, Meta reorganised its AI efforts under Alexandr Wang, shifting LeCun to report to Wang amid critics saying Meta moved from long-term research to product focus, with some accusing Mark Zuckerberg of forcing LeCun out.
- The new firm plans to build AI based on world models that understand the physical world, aiming for persistent memory, reasoning and planning in robotics and transport.
- LeBrun will step from Nabla to AMI, with Nabla seeking a new CEO and partnering to use AMI's models while LeBrun remains Nabla's chairman and Chief AI Scientist.
- LeCun's stature as a Turing Award winner lends major credibility, and his fundraising ask appears audacious amid high seed valuations and VC interest in AI startups.
18 Articles
18 Articles
Yann LeCun confirms his new 'world model' startup, reportedly seeks $5B+ valuation
Renowned AI scientist Yann LeCun confirmed on Thursday the worst-kept secret in the tech world: that he had indeed launched a new startup. Although he did say he will not be running the new company as its CEO.
The researcher, who has just announced his departure from Meta, is, according to the Financial Times, in preliminary talks to raise 500 million euros for his company, which is due to open in January in Paris. Its aim is to create a superintelligent AI capable of learning through videos.
Meta AI chief Yann LeCun in talks to raise $586M for new AI startup at $3B valuation - Tech Startups
Meta AI Chief Yann LeCun is in early talks to raise about 500 million euros, roughly $586 million, for a new artificial intelligence startup that could be valued at close to 3 billion euros ahead of its official launch. The […] The post Meta AI chief Yann LeCun in talks to raise $586M for new AI startup at $3B valuation first appeared on Tech Startups.
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