WSJ Tech News Briefing
TNB Tech Minute: Ex-Meta AI Pioneer’s Startup Raises Over $1 Billion
10 Mar 2026
Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
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Here's your morning TNB Tech Minute for Tuesday, March 10th. I'm Julie Chang for The Wall Street Journal. Advanced Machine Intelligence, the startup co-founded by Yann LeCun, one of the godfathers of AI, raised over $1 billion in a seed funding round to develop new AI systems. Bezos Expeditions, Cathay Innovation, Greycroft, Hero Capital, and HV Capital co-led the investment in AMI Labs.
According to the company, NVIDIA, Samsung Electronics, Toyota Ventures, and former Google CEO Eric Schmidt are also among AMI's backers. NIO reported its first-ever net profit in the fourth quarter of 2025, driven by record sales and strong margins. The company is considered one of the top three emerging EV brands in China.
NIO's fourth-quarter vehicle deliveries jumped 72%, reaching a record of just under 125,000 units. The Shanghai-based company said net profit was about $17.7 million for the three months ended December. compared with a net loss a year earlier. Revenue rose 76%. NIO plans to launch EVs in Australia and New Zealand in the second half of 2026 and is entering the Thai market in March.
And Uber is expanding a feature that allows female users to request rides from women drivers, making the option available nationwide. Uber launched the feature in five pilot cities last August. and expanded it to 60 cities by the end of the year. The expansion comes as Uber continues to face scrutiny over passenger safety.
Last month, the company was ordered to pay $8.5 million in compensatory damages stemming from a sexual assault case. A 2019 safety report showed Uber received nearly 6,000 reports of sexual assault involving U.S. passengers and drivers in 2017 and 2018.
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Chapter 2: What startup raised over $1 billion for AI development?
And that's your TMB Tech Minute. We'll be back this afternoon with more.