Yann LeCun founded the new startup Advanced Machine Intelligence Labs (AMI Labs), where he serves as executive chairman.[1][3] The CEO of the company became Alex LeBrun, co-founder and CEO of the healthcare AI company Nabla.[3][4] AMI Labs is negotiating a €500 million funding round at a €3 billion (approximately $3.5 billion) valuation.[1][3] The company focuses on developing "world models" - AI systems that understand the physical world, predict causes and effects, and plan actions.[3][4] Nabla has entered into a strategic research partnership with AMI Labs and will gain first access to their healthcare technologies.[1][4] To date, Nabla has raised $120 million from investors including Yann LeCun.[2] Nabla will be led by co-founder and COO Delphine Groll on an interim basis until a new CEO is found.[3] AMI Labs plans a global presence with an emphasis on research in Europe, particularly in Paris.[4]