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Yann LeCun’s AMI Labs Raises $1 B, Aims 2027 Physical AI

7/3/2026

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Summary

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Yann LeCun announced at VivaTech that AMI Labs raised $1.03 billion seed funding at a $3.5 billion valuation, backed by Nvidia and Jeff Bezos’s Bezos Expeditions.
He said chatbots ChatGPT, Claude and Gemini cannot reason about the physical world, thus they are not a path to human-level intelligence.
AMI Labs will refine its Joint Embedding Predictive Architecture in 2026 and aim for deployment in 2027 as a step toward AI that assists humans.

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Story summary

Yann LeCun announced at VivaTech that AMI Labs raised $1.03 billion seed funding at a $3.5 billion valuation, backed by Nvidia and Jeff Bezos’s Bezos Expeditions.
He said chatbots ChatGPT, Claude and Gemini cannot reason about the physical world, thus they are not a path to human-level intelligence.
AMI Labs will refine its Joint Embedding Predictive Architecture in 2026 and aim for deployment in 2027 as a step toward AI that assists humans.