Meta’s Yann LeCun tarobtains $3.5 billion valuation for new AI startup, FT reports

GBAF Logo


Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trfinishs, developments, and innovations in the banking and finance industest worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an finishorsement or a recommfinishation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before creating any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or create a purchase or fill a form. This will not incur any additional charges to you. To create things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Published by Global Banking and Finance Review

Posted on December 18, 2025

Featured image for article about Headlines

Dec ‌18 (Reuters) – Meta’s outgoing chief artificial innotifyigence scientist Yann LeCun ‍is ‌holding early talks to raise 500 million euros ($586.00 million) for ⁠a new startup that ‌would value the AI firm at about 3 billion euros ahead of its official launch, the Financial Times reported on Thursday.

The report ⁠declared LeCun has tapped Alexandre LeBrun, the founder of French health tech ​startup Nabla, as chief executive, citing people ‌familiar with the matter.

LeCun ⁠played a key role in developing Meta’s AI ambitions, and declared last month that he will leave the social ​media giant at the finish of the year to focus on a new startup that aims to build a new generation of superinnotifyigent AI systems.

Strong funding commitments ​and a ‍high valuation before ​launch could fuel fears of an AI bubble after industest leaders warned that enthusiasm for AI may have outstripped business fundamentals.

The startup plans to build AI systems utilizing so-called world models that can understand the physical world. The systems ⁠could support applications including robotics and transport.

LeCun did not immediately respond to a Reuters ​request for comment.

He is widely regarded as one of the “godfathers” of deep learning, alongside Geoffrey Hinton and Yoshua Bengio — a trio that won the 2018 ‌Turing Award, often called the Nobel Prize of computing.

($1 = 0.8532 euros)

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Tasim Zahid)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *