AI & RoboticsNews

Yann LeCun’s AMI Labs raises $1.03B to build world models

AMI Labs, the new venture co-founded by Turing Award winner Yann LeCun after he left Meta, has raised $1.03 billion at a $3.5 billion pre-money valuation. AMI is working on world models, or AI that learns from reality, not just from language. This category has fewer players than generative AI, but maybe not for long. “My prediction is that ‘world models’ will be the next…
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AI & RoboticsNews

Sandberg, Clegg join Nscale board as this ‘Stargate Norway’ startup hits $14.6B valuation

Amid growing demand for data centers that can deliver AI compute at scale, Nvidia-backed British AI infrastructure company Nscale is now valued at $14.6 billion. This makes it one of Europe’s latest decacorns alongside Helsing and Mistral AI. Nscale has bet on vertical integration, from energy and data centers to compute and orchestration software. Its new valuation stems from a $2 billion…
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AI & RoboticsNews

City Detect, which uses AI to help cities stay safe and clean, raises $13M Series A

City Detect, a company that uses vision AI to help local governments monitor the health of buildings and neighborhoods, announced on Friday a $13 million Series A round led by Prudence Venture Capital. The startup launched in 2021, and Gavin Baum-Blake, the remaining co-founder, serves as CEO. He said the company was founded in part because cities were struggling to deal with “urban blight…
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AI & RoboticsNews

Lio raises $30M from Andreessen Horowitz and others to automate enterprise procurement

Lio’s co-founders know firsthand that procurement – the process enterprises use to purchase services from vendors – is often a bottleneck. Vladimir Keil, the company’s co-founder and CEO, had experienced this problem as an employee inside a large company and then again while building his first startup. “When we were selling enterprise software, we had to go through…
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