Yann LeCun’s New Startup, AMI Labs, Seeks $5B+ Valuation
Renowned AI scientist Yann LeCun has confirmed the launch of his new startup, Advanced Machine Intelligence (AMI), with a valuation of over $5 billion.
LeCun, a professor at New York University, will not be running the company as CEO, but rather as Executive Chairman. Alex LeBrun, co-founder and CEO of medical transcription AI startup Nabla, has taken on the role of CEO at AMI.
AMI Labs is reportedly seeking to raise €500 million at a €3 billion valuation, a figure that may seem audacious given the current market.
AMI’s Ambitious Fundraising Goals
AMI’s fundraising aspirations may seem lofty, but they are not unprecedented in the AI startup world.
Former OpenAI CTO Mira Murati’s startup, Thinking Machines Lab, was valued at $12 billion for its seed round last year, demonstrating the high valuations that AI startups can achieve.
LeCun’s street cred as a world-recognized AI scientist may also contribute to AMI’s high valuation.
World Model AI: A New Approach
AMI Labs is working on world model AI, an alternative to Large Language Models (LLMs) that aims to understand the environment and simulate cause-and-effect scenarios.
World model creators believe it’s the answer to LLMs’ structural hallucination problems, where the AI fabricates information due to its non-deterministic nature.
Nabla’s Future Plans
Nabla, where LeBrun was CEO, will be searching for a new CEO and will be run by its co-founder and COO, Delphine Groll, for now.
Nabla has signed a partnership to use AMI’s models as they are developed, and has raised $120 million in total from prominent backers.
Nabla’s LeBrun could be a good choice for CEO, given his experience in building multi-modal AI and his background in natural language processing.
Conclusion
AMI Labs’ ambitious fundraising goals may seem daunting, but they are not unprecedented in the AI startup world.
With LeCun’s expertise and LeBrun’s leadership, AMI Labs may be well-positioned to achieve its goals and make a significant impact in the AI industry.
Source: Link
