Yann LeCun confirms his new ‘world model' startup, reportedly seeks $5B+ valuation [Yahoo! Finance]
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Source: Yahoo! Finance
His startup is called Advanced Machine Intelligence (or AMI) and has hired Alex LeBrun, co-founder and CEO of medical transcription AI startup darling Nabla , as its CEO. Nabla disclosed LeBrun's new job in a press release and LeCun confirmed it in a brief post on LinkedIn. “Yes, AMI Labs is my new startup. I'm the Executive Chairman. And Alex LeBrun is transitioning from CEO of Nabla to CEO of AMI Labs!” LeCun wrote AMI Labs is also reportedly seeking to raise €500 million (about $586 million) at a €3 billion valuation (about $3.5 billion) right out of the gate, before even launching, the Financial Times reported , citing people familiar with the dealmaking. Given the kind of money that VCs are throwing at AI startups founded by world-recognized AI scientists these days, that's not even an comparatively outrageous ask. For instance, former OpenAI CTO Mira Murati's startup, Thinking Machines Lab, was valued at $12 billion for its seed round last year. And Murati doesn't have th
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