Yann LeCun's AMI Labs raises $1.03 billion for world models
The Paris-based startup is valued at $3.5 billion pre-money, with Nvidia, Samsung and Toyota among its backers.
What happened?
AMI Labs, the new company from leading AI scientist Yann LeCun, raised $1.03 billion at a $3.5 billion pre-money valuation.
It was reported in December to be seeking about €500 million; it ended up raising about €890 million.
What are world models?
AI models that try to understand the real world and its rules, not just text. CEO Alexandre LeBrun said: "My prediction is that 'world models' will be the next buzzword."
Investors
- Co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital and Bezos Expeditions.
- Also: Nvidia, Samsung, Sea, Temasek and Toyota Ventures.
Where is it?
Headquartered in Paris, with teams in New York, Montreal and Singapore. The company has no revenue plans for now.
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