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Published on 16.03.2026
TLDR: The AI industry is pivoting from systems that understand human language and intent to systems that understand physical reality. AMI Labs — Yann LeCun's new Paris-based startup — just raised a $1.03 billion seed round at a $3.5 billion valuation, the largest seed round in European history, to build world models based on his Joint Embedding Predictive Architecture (JEPA). The goal: AI that doesn't just know what you mean, but knows what happens next.