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Yann LeCun, Meta's outgoing AI chief, is seeking 500 million euros to launch a new startup valued at 3 billion euros. He has appointed Alexandre LeBrun as CEO and aims to develop AI systems that understand the physical world. Concerns about a potential AI bubble are growing amid high pre-launch valuations.
The article announces a new program by Meta aimed at supporting startups that are building innovative applications using the LLaMA (Large Language Model Meta AI) technology. It highlights how this initiative will provide resources, mentorship, and funding to help these startups leverage AI capabilities effectively.