Meta’s Outgoing AI Scientist Yann LeCun Plans €500M Raise for New Startup
Yann LeCun, Meta’s outgoing chief AI scientist, is in early talks to raise around €500 million for a new artificial intelligence startupDealroom has a profile for this one. Try Dealroom →, according to the Financial TimesDealroom has a profile for this one. Try Dealroom →. The fundraising would value the company at roughly €3 billion before its official launch, highlighting strong investor interest at a very early stage.
The startup has not yet publicly launched or disclosed full details, but the talks are reported to include Alexandre LeBrunDealroom has a profile for this one. Try Dealroom →, founder of French health tech company Nabla, as the planned chief executive. LeCun said last month that he will leave Meta at the end of the year to focus on building the new company.
The size of the potential funding round and the valuation have drawn attention across the tech industry, with some observers warning that enthusiasm around AI may be moving faster than proven business models. Still, the reported discussions underline the level of confidence investors place in LeCun as the startup prepares to enter the market.
Sources:
Financial Times
Reuters
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