Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Tuesday, March 10th, and I'm your host, Kim Khan. Our top story so far,

AI startup, Advanced Machine Intelligence, founded by former Meta Platform's chief AI scientist, Jan Lecun,

has raised $1 billion in seed funding. The company says it's building a new breed of AI systems

that understand the world, have persistent memory, can reason and plan, and are controllable and

safe. AMI already reached $3.5 billion in pre-money valuation, according to Reuters.

The startup, less than three months old, said the round was co-led by Cathay Innovation,

Greycroft, Hero Capital, HV Capital, and Bezos Expeditions, among others.

AMI is also appointing Alex LeBrun as CEO.

LeBrun has spent 24 years building AI products, including work on chatbots, natural language systems, Facebook's M-assistant, and healthcare AI.

Jan Lecun, who spent more than 12 years at Facebook before leaving in January, has said META will not invest in his company.

There's a lot more AI news.

As Anthropic takes the Pentagon to court, CFO Krishna Rao said in a filing that the government's blacklisting could reduce the company's 2026 revenue by multiple billions of dollars. If the government's actions

are allowed to stand, and if the ripple effect comes to pass, it would be almost impossible to reverse,

Rao said. Invidia has made a significant investment in Thinking Machines and will supply the startup with chips in a multi-year deal.

Thinking Machines Lab, run by former OpenAI CTO Miramarati,

said it will deploy at least one gigawatt of Nvidia's Vera Rubin system

to support frontier model training.

Applied materials is partnered with micron technology

to develop DRAM, high bandwidth memory,

and NANDD solutions aimed at boosting AI system performance, and Polly Market is working with

Palantir Technologies in TWG Global's AI unit to help monitor its sports contracts as scrutiny

...