French AI Company AMI Labs Raises $1.03 Billion in Funding with Lead Investment from Greycroft

BlockBeats News, March 10th, According to official sources, Advanced Machine Intelligence Labs (AMI Labs), an artificial intelligence company founded by former Meta Platforms Chief AI Scientist Yann LeCun, announced the completion of a $1.03 billion (about €890 million) financing round. The round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, with participation from other investors and angel investors from around the world. This funding round raised the valuation of this French company to $3.5 billion.

Although considered a "partner but not an investor" by LeCun, Meta did not participate in this round of financing.

Yann LeCun stated that AMI Labs will develop an artificial intelligence system with intelligence comparable to that of an adult human, capable of reasoning, planning, understanding the physical world, and autonomously learning from very few samples.