French AI ‘Godfather’ Yann LeCun raises nearly $1 billion for startup to build safer AI

Advanced Machine Intelligence was launched by Yann LeCun, yann LeCun announced the launch of Advanced Machine Intelligence on social media.

Funding totaled $1.03 billion (nearly €900 million), the company said the funding amount in euros and dollars.

AMI leadership appointed Alex LeBrun as CEO and Saining Xie as chief science officer, aMI named its first CEO and chief science officer among its senior hires.

AMI technology focus will build world models trained on real-world sensor and camera data rather than mainly on text prompts, aMI described its technical focus on its website.

Target industries plans to apply technology in automation, wearable devices, robotics and healthcare, aMI stated target application areas on its website.