Yann LeCun, the former chief artificial intelligence scientist at Meta Platforms, has set a valuation target of €3 billion ($3.3 billion) for his new AI startup, Advanced Machine Intelligence Labs, according to media reports.

LeCun, one of the most influential figures in modern artificial intelligence and a pioneer of deep learning, recently launched the venture as interest and investment in advanced AI technologies continue to surge globally.

Details on the company’s funding plans, investors and commercial focus have not yet been disclosed. The reported valuation underscores strong market appetite for top-tier AI talent and frontier research, even as competition among AI startups intensifies.

LeCun left his executive role at Meta earlier this year but remains a prominent voice in the global AI research community.