TNB Tech Minute: Ex-Meta AI Pioneer’s Startup Raises Over $1 Billion

2026-03-10 · Source: WSJ Tech News Briefing · Field: Technology & Digital — Artificial Intelligence & Machine Learning, Emerging Technologies & Innovation, Mobility Services & Technology · Depth: Fundamental Awareness, quick

Summary

Advanced Machine Intelligence (AMI) Labs, a startup co-founded by Jan Lacoon, one of the godfathers of AI, secured over \$1 billion in seed funding to develop new AI systems. Investors include Bezos Expeditions, Cathay Innovation, Greycroft, Hero Capital, HV Capital, Nvidia, Samsung Electronics, Toyota Ventures, and former Google CEO Eric Schmidt. Concurrently, Chinese EV manufacturer NIO reported its first-ever net profit of approximately \$17.7 million in the fourth quarter of 2025, driven by a 72% jump in vehicle deliveries to nearly 125,000 units and a 76% revenue increase. NIO plans to expand into Australia and New Zealand in the second half of 2026 and Thailand in March. Separately, Uber is expanding its feature allowing female users to request women drivers nationwide, following pilot programs in five cities last August and 60 cities by year-end. This expansion occurs amid continued scrutiny over passenger safety, including an \$8.5 million compensatory damages order from a sexual assault case.

Key takeaway

For investors tracking emerging tech and global markets, these developments highlight significant shifts. The substantial funding for AMI Labs signals continued strong investor confidence in advanced AI, while NIO's first net profit and expansion plans underscore the growing maturity and global reach of Chinese EV manufacturers. Your portfolio decisions should consider the rapid evolution and investment opportunities within both the AI and electric vehicle sectors, particularly as market leaders solidify their positions and expand internationally.

Topics

• AI Startups
• Venture Capital Funding
• Electric Vehicles
• NIO
• Ride-sharing Safety
• Uber Features

Best for: Tech Journalist, General Interest, Investor

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Editorial summary, takeaway, and curation by AIssential. Original article published by WSJ Tech News Briefing.