Advanced Machine Intelligence, a startup co-founded by computer science pioneer and former Meta AI chief Yann LeCun, said Tuesday that it has raised $1.03 billion to develop 'world models,' or AI designed to learn from and interact with the physical world. The funding for Paris-based AMI represents the largest seed round ever for a European startup and one of the region's largest fundings for an AI startup overall, per Crunchbase data. Bezos Expeditions, Cathay Innovation, Greycroft, Hiro Capital and HV Capital led the funding, which reportedly values AMI at $3.5 billion. 'My prediction is that 'world models' will be the next buzzword,' AMI Labs CEO Alexandre LeBrun told TechCrunch after the funding. 'In six months, every company will call itself a world model to raise funding.' His co-founder LeCun is considered one of the pioneers of the large language model approach to AI. In 2018, LeCun was one of the computer scientists who received the industry's prestigious A.M. Turing Award...
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