Ex-Meta AI chief Yann LeCun’s AMI raises $1.03 billion for alternative AI approach

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump suggests Iran war nearing end Oil prices slide over 10% as Trump talks Iran war end, supply relief Asia stocks rebound as oil retreats, Trump says Iran war could end soon Oil slumps lower in manic Monday session after Trump says Iran war ’very complete’ (South Africa Philippines Nigeria) Ex-Meta AI chief Yann LeCun’s AMI raises $1.03 billion for alternative AI approach By Stock Markets Published 03/10/2026, 01:04 AM Updated 03/10/2026, 01:06 AM Ex-Meta AI chief Yann LeCun’s AMI raises $1.03 billion for alternative AI approach 0 META 0.39% March 10 - Advanced Machine Intelligence, the startup founded by former Meta Platforms chief AI scientist Yann LeCun, said on Tuesday it raised $1.03 billion based on a $3.50 billion pre-money valuation, as it seeks to commercialize artificial intelligence systems built around reasoning, planning and "world models." The financing positions the company as a test of LeCun’s belief that today’s large language models fall short of human-level reasoning and autonomy. The funding round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital and Bezos Expeditions. Meanwhile, Meta has been intensifying its push into LLM development. In June 2025, the company reorganized its AI efforts under a division called Meta Superintelligence Labs led by former Scale AI CEO Alexandr Wang. LeCun joined Meta in 2013 to found Facebook AI Research, later known as FAIR, and became one of the company’s most prominent AI leaders before departing at the end of 2025. In an interview with Reuters, LeCun said AMI aims to build systems capable of reasoning and planning in complex real-world settings. He added that current AI approaches based on predicting the next word or pixel will not produce broadly capable intelligent agents by themselves. The company’s near-term target customers are organizations operating complex systems, including manufacturers, automakers, aerospace companies, bi...