maya

(8/8) One final twist: by Saturday the Extelligence website was back up, now without details of anyone involved.

(7/8) About ten minutes later, a spokesperson for Extelligence said: “Given the impact of the news, we have decided to withdraw the fund and discontinue the formation process entirely. As a result, Extelligence Invest will not be launched.”

(1/8) I scooped Yann LeCun's new fund. Eight hours later he quit. Here's how it unfolded.

Then a spokesperson for LeCun told me early Friday evening that he had withdrawn his participation from the firm, adding that it was “one of many” investment projects he is involved in.

The statement pointed to “legal and contractual complications”, and added, “we have the deepest respect and admiration for Yann.”

DAMN - Yann LeCun is raising a new AI-focused VC fund. He raised $1bn earlier this year for his startup @amilabs. Now he's raising a fund. The firm, named Extelligence Invest, will invest in companies across: > AI and data infrastructure > Healthcare technologies and human longevity > Cross-border consumer platforms > Frontier deeptech, including robotics, new mobility and compute. Great stuff from @mayadhjourno, article from @Siftedeu linked below. VERY INTERESTING @ylecun