[Former Meta Chief AI Scientist Plans to Raise €500 Million for His New AI Company, Valued at Approximately €3 Billion] Foresight News reports, according to the Financial Times, former Meta Platforms (META.O) Chief AI Scientist Yann LeCun plans to raise €500 million for his new startup. This move would value the artificial intelligence company at approximately €3 billion before its official launch, with the fundraising expected to be completed before its formal kickoff in January. Sources familiar with the matter revealed that LeCun, who recently announced his departure from Meta by the end of the year, has also appointed Alexandre LeBrun, founder of the French health tech startup Nabla, as CEO. The new company, named 'Advanced Machine Intelligence Labs' (AMI Labs), will disclose further details in January, with LeCun serving as Executive Chairman.