BREAKING: Yann LeCun has raised a HUGE $1.03bn round for his new startup, in Europe's largest seed EVER!
It values Advanced Machine Intelligence (AMI) at a WHOPPING $3.5bn!
The company, based in Paris, is aiming to develop the next generation of AI models that go beyond LLMs.
It is aiming to build world models that learn abstract representations of reality, similar to the mental models humans use to reason and guide action in the physical world.
These systems predict how situations evolve, and how actions lead to consequences, so that they can plan sequences of actions under real-world constraints.
It has just announced raising $1.03bn at a $3.5bn valuation co-led by Hiro Capital, Cathay Innovation, Greycroft, HV Capital, and Jeff Bezos Expeditions.
In February it was revealed that UK-based Ineffable Intelligence was raising a $1bn seed. Now French AMI is raising a $1.03bn seed.
Both of these companies are aiming to take AI beyond LLMs, and if they succeed, could build some of the most important technology in the world.
European Tech is COOKING and we love to see it