There’s been no major reaction in the cryptocurrency market after news broke about a big move in the AI world.

Yann LeCun, a top AI expert and former chief scientist at Meta, is working on launching a new company called AMI Labs. He’s aiming to raise around €500 million, with the company already being valued at about €3 billion—even before it officially launches in January.

This bold fundraising goal signals a significant shift for LeCun, who’s expected to leave Meta by the end of 2025 to become the executive chairman of AMI Labs. While the exact purpose of AMI Labs hasn’t been revealed yet, many in the tech world are watching closely. The high valuation suggests big plans, but so far, there’s no clear business model or product strategy available to the public.

Despite the excitement in the tech space, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) haven’t shown any major movement in response. Key crypto leaders such as Vitalik Buterin and Changpeng Zhao haven’t made any public comments about how—or if—LeCun’s new venture might connect with blockchain technology.

LeCun’s reputation in AI brings a lot of attention to AMI Labs. Even without a product on the table, the company is already being seen as a potential game-changer. Big fundraising rounds like this often hint at future industry shifts, especially when artificial intelligence and blockchain technology are involved.

Analysts are keeping an eye on whether AMI Labs could eventually impact blockchain or crypto projects through AI integration. For now, details are limited, but the mix of AI innovation and venture capital interest could shape how future tech companies grow and work together.