ChainThink report, December 18: According to the Financial Times, Yann LeCun, former Chief AI Scientist at Meta Platforms, plans to raise €500 million for his new venture, which would value the artificial intelligence company at approximately €3 billion prior to its official launch, with the fundraising campaign set to be completed before it officially commences in January.

Insiders reveal that LeCun, who recently announced his departure from Meta by year-end, has appointed Alexandre LeBrun, founder of French healthtech startup Nabla, as CEO. The new company, named Advanced Machine Intelligence Labs (AMI Labs), will unveil specific details in January, with LeCun serving as Executive Chairman.