Advanced Machine Intelligence Labs (AMI Labs), founded by Yann LeCun, has successfully completed a $1.03 billion funding round. The round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, with participation from global investors. This investment values the French AI firm at $3.5 billion. Despite being a partner, Meta Platforms did not participate in this round. AMI Labs aims to develop AI with human-like intelligence capable of reasoning, planning, and learning autonomously.