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News of the day
1. Yann LeCun's AMI Labs raises over $1 billion, Europe's largest seed round, to develop AI beyond LLMs. → Read more
2. China's OpenClaw AI craze is fueling a "lobster gold rush" as tech-savvy individuals offer installation and support services to the public, despite significant security risks. → Read more
3. Meta acquires Moltbook, an AI agent social network that went viral due to fake posts. Creators join Meta Superintelligence Labs to advance agentic experiences. → Read more
4. Looking Glass launches Musubi, a holographic picture frame using local AI to display 3D memories without Wi-Fi or subscriptions. Priced at $99, it aims to make holograms accessible. → Read more
Our take
Hi Dotikers!
Yesterday, we were watching Google integrate Gemini ever more deeply into our daily tools, crossing emails, files, and calendars. Today, a researcher who spent his career criticizing that direction just raised a billion dollars to prove there's another way.
Yann LeCun left Meta last November with a simple, radical conviction: large language models will never lead to artificial general intelligence. Not a tweak, not one more improvement. A dead end. Four months later, Advanced Machine Intelligence Labs, named AMI, announces a $1.03 billion seed round. The largest seed ever raised by a European company. The investors go by names like Nvidia, Bezos Expeditions, Temasek, and Cathay Innovation. Eric Schmidt and Xavier Niel also chipped in.
AMI Labs isn't building a new LLM. That's the key point. The project is built on the JEPA architecture, developed by LeCun at Meta, which learns to represent the physical world from video data and sensors rather than from text. The goal: systems capable of planning, anticipating, and understanding causality, like a robot that would know a cup balanced on the edge of a table is about to fall, not because it read it somewhere, but because it learned the laws of the real world. Target applications: robotics, healthcare, autonomous transport, wearables.
CEO Alexandre LeBrun, former head of Nabla, warned journalists himself with a smile: in six months, every startup will call itself a "world model" company. The hype machine is already running. Still, the stated ambition is long-range, no product for several years, and the $3.5 billion valuation before a single euro in revenue raises a legitimate question about the health of the AI venture capital market. A billion dollars for a research thesis is impressive. It's also a real-time stress test of investor patience in the face of a contrarian vision.
Alex.
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