Meta’s Yann LeCun is not going anywhere after FAANG exit, targets $3.5bn valuation with new AI startup |
Yann LeCun is leaving Meta, but he is far from stepping away from artificial intelligence. Meta’s outgoing chief artificial intelligence scientist is already in early talks to raise 500 million euros ($586 million) for a new AI startup that could value the company at around 3 billion euros ($3.5 billion) even before its official launch, according to a report by the Financial Times.
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LeCun’s new hat
The Financial Times report said LeCun has brought on Alexandre LeBrun, founder of French health-tech startup Nabla, as the chief executive of the new venture. LeCun confirmed last month that he will leave Meta at the end of the year to focus fully on the startup, which aims to build a new generation of super intelligent AI systems.
“I am creating a startup company to continue the Advanced Machine Intelligence research program (AMI) I have been pursuing over the last several years with colleagues at FAIR, at NYU, and beyond,” LeCun wrote on LinkedIn in November.
“The goal of the startup is to bring about the next big revolution in AI: systems that understand the physical world, have persistent memory, can reason, and can plan complex action sequences.”
What LeCun’s startup will focus on
Unlike today’s chatbots, the startup plans to build AI using “world........