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Yann LeCun’s AMI Labs Raises $1.03B to Build World Models
Yann LeCun’s new startup, AMI Labs, has quickly become one of the most closely watched AI ventures of 2026 after raising an enormous $1.03 billion seed round at a $3.5 billion pre-money valuation. Based in Paris, the company, whose full name is Advanced Machine Intelligence, is pursuing a very different direction from the large language model boom that has defined much of the current AI industry. Rather than concentrating on systems trained mainly on text, AMI Labs wants to b
Covertly AI
Mar 103 min read


Jeff Bezos’ $6.2B AI Startup Prometheus Targets Industrial Innovation
Jeff Bezos is stepping back into a hands-on leadership role for the first time since leaving Amazon in 2021, taking on the position of co-CEO at a new artificial intelligence startup called Project Prometheus. The venture, which has already secured an extraordinary $6.2 billion in funding, is shaping up to be one of the most heavily financed early-stage startups ever launched ( Investing.com ; Forbes; TechBuzz). Bezos is contributing part of the investment himself, signaling
Covertly AI
Nov 17, 20253 min read


Perplexity AI: The $9 Billion Startup Revolutionizing Search with Generative AI
Perplexity AI Inc., an artificial intelligence startup revolutionizing online search, has recently closed a significant $500 million...
Covertly AI
Dec 19, 20242 min read


AI Startup Perplexity Seeks $8 Billion Valuation in Latest Funding Round
Artificial intelligence search company Perplexity AI has started fundraising talks to double its valuation to $8 billion. The startup...
Covertly AI
Oct 24, 20242 min read
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