Ex-Meta AI chief Yann LeCun’s AMI raises $1.03 billion for alternative AI approach
Ex-Meta AI chief Yann LeCun’s AMI raises $1.03 billion for alternative AI approach
Publish Date: 2026-03-10 01:01:00
Source Domain: www.reuters.com
- Advanced Machine Intelligence (AMI) raised $1.03 billion in funding, achieving a $3.50 billion pre-money valuation, as it aims to develop sophisticated AI systems that excel in reasoning, planning, and “world models.”
- The company is founded and led by Yann LeCun, a former Meta Platforms AI scientist who believes current large language models lack human-level reasoning and autonomy.
- The financing round was co-led by major firms including Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions.
- AMI targets complex systems operators as its near-term customers, with sectors such as manufacturing, automaking, aerospace, and pharmaceuticals.
- Long-term, AMI aims to provide intelligent systems for a variety of applications, including potential consumer products like domestic robots and possibly Meta’s Ray-Ban smart glasses.
- Meta has also been advancing its own Large Language Model (LLM) development through its newly formed Meta Superintelligence Labs, led by former Scale AI CEO Alexandr Wang.
