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   AI goes ‘world’ building
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   Plus: Bill Ackman's IPO ambitions.
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          Wednesday, March 11, 2026
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           Meta’s 
former AI chief raises $1 billion to prove chatbots wrong
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          Yann LeCun has spent years arguing that Silicon Valley’s favorite AI products are, intellectually speaking, really just very impressive party tricks. Now, the former Meta AI chief has raised $1.03 billion for a startup called AMI to prove that the road to something 
like real machine intelligence doesn’t run through ever-larger chatbots (with ever-bigger spending), but through “world models” that can understand how reality works.
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          $1 billion is a giant sum for a company founded four months ago, with no product and no interest in pretending one is around the corner. But while much of the AI industry has spent the past few years treating LLMs as the obvious route to bigger and better “intelligence,” LeCun has been one of the field’s loudest 
dissenters.
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          In an interview with WIRED, the Turing Award winner called the idea that LLMs will simply scale their way to human-level intelligence “complete nonsense.” AMI, short for Advanced Machine Intelligence, is his chance to stop being the guy yelling from the wings of the stage and become the guy building his own spotlight.
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                           <!--[if mso]><a href="https://www.ne16.com/t/10418567/222404108/9342474/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwMy0xMSUyMCUyMA&x=87435831" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 12px;  border: none; display: block; ">AI money still has
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               <a data-linktext="Single women own more homes than ever before." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                Single women own more homes than ever before.
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              More than 20 million single women own homes in the U.S., meaning about 50.9% of the demographic are homeowners — despite all of
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                Uber is launching a women-only driver option.
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              After a successful overseas pilot, the program, called Women Preferences, is coming soon to major U.S. cities such as New York City, Philadelphia, and Washington.
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              Aureus Greenway, a golf company backed by Don Trump Jr. and Eric Trump, is merging with Powerus in a deal that turns Florida fairways into a public-markets runway for the domestic-drone boom.
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