Advanced Machine Intelligence Raises $1.03 Billion

Advanced Machine Intelligence (AMI), a startup founded by former Meta Platforms chief AI scientist Yann LeCun, has raised $1.03 billion in its first major funding round, based on a $3.50 billion pre-money valuation. The funding round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions. AMI aims to commercialize artificial intelligence systems built around reasoning, planning, and 'world models,' challenging the current dominance of large language models (LLMs). LeCun departed Meta Platforms at the end of 2025, where he founded Facebook AI Research (FAIR) in 2013. His departure coincided with Meta Platforms intensifying its LLM development under Meta Superintelligence Labs, led by Alexandr Wang. AMI's near-term target customers include manufacturers, automakers, aerospace companies, biomedical firms, and pharmaceutical groups, with long-term goals for consumer applications like domestic robots. Discussions are also underway with Meta Platforms for potential deployment of AMI's technology in Ray-Ban Meta smart glasses.