Wall Street Breakfast Ex-Meta AI chief LeCun's startup raises $1B seed
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Mar 10, 2026 A new AI startup raises a $1 billion seed round and names its CEO. A major AI company warns a Pentagon blacklist could erase billions in future revenue. A chipmaker inks a deal to supply hardware for frontier training. A sports-betting platform brings in a data firm to police suspicious activity. A hedge fund files to go public.
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LeCun's AMI Nets $1B Seed And $3.5B Valuation
- Advanced Machine Intelligence raised a $1 billion seed and reached a $3.5 billion pre-money valuation within three months of founding.
- Jan LeCun founded AMI to build AI with persistent memory, reasoning, planning, and safety, and Alex Lebrun was named CEO with 24 years of AI product experience.
Anthropic Warns Pentagon Blacklist Could Crush Revenue
- Anthropic warned that a Pentagon blacklist could cut its 2026 revenue by multiple billions and be almost impossible to reverse.
- The company has taken the Pentagon to court, highlighting geopolitical and contract risks for AI firms working with governments.
NVIDIA Commits Chips And Gigawatt Scale To Thinking Machines
- NVIDIA is supplying chips to Thinking Machines and will support at least one gigawatt of Vera Rubin systems for frontier model training.
- The multi-year deal underlines chipmakers' direct role in scaling large-model training infrastructure.