French AI Company AMI Labs Raises $1.03 Billion in Funding with Lead Investment from Greycroft

On March 10, official sources confirmed that Advanced Machine Intelligence Labs (AMI Labs)—an AI firm founded by Yann LeCun, Meta Platforms’ former Chief AI Scientist—has closed a $1.03 billion funding round (approximately €890 million). The round was led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, with participation from global investors and angel backers worldwide, valuing the French company at $3.5 billion. Meta did not participate in this funding round; LeCun characterizes the tech giant as a "partner but not an investor." Yann LeCun stated that AMI Labs will build an AI system with intelligence comparable to that of an adult human—one capable of reasoning, planning, understanding the physical world, and learning autonomously from very few samples.