LeCun, who's been saying LLMs are a dead end for years, is finally putting his money where his mouth is. Watch for LeCun to raise an absolutely massive VC round.
Just for payroll of 10 AI researchers at 300k/yr would cost over $3 million per year. And his wealth probably isn't fully liquid. Given payroll + compute he would be bankrupt in a year. Of course he's not using just his own money.
However, I expect he will be a major investor. Most founders prefer to maintain some control.
The point is, VC money for an AI venture is not chump change even for someone with a $10-$100MM net worth. The point still stands, including his own expected investment.