PANews reported on December 18th, citing the Financial Times, that Yann LeCun, former chief AI scientist at Meta and Turing Award winner, is planning to launch a new company, Advanced Machine Intelligence Labs (AMI Labs), scheduled for January 2026. Preliminary negotiations are underway for a €500 million funding round with a target valuation of €3 billion. Nabla founder Alex LeBrun will serve as CEO, and a strategic research partnership has been established with AMI. The company will focus on building AI systems that can understand the physical world for applications in robotics, transportation, and other fields. Meta will establish a technical collaboration with AMI but will not participate as an investor.