Former Meta Chief AI Scientist Aims to Raise €5 Billion for His New AI Company, Valued at Around €30 Billion

BlockBeats News, December 18th. According to the Financial Times, former Chief AI Scientist of Meta Platforms, Yann LeCun, plans to raise 500 million euros for his new startup. This move will value the artificial intelligence company at around 3 billion euros before its official launch, with the fundraising expected to be completed before the start of January.

Sources familiar with the matter revealed that LeCun, who recently announced he would leave Meta by the end of the year, has also appointed Alexandre LeBrun, the founder of the French health tech startup Nabla, as the CEO. Details of this new company, named Advanced Machine Intelligence Labs (AMI Labs), will be announced in January, with LeCun serving as the chairman.