AI is 'not smart' so what's next in artificial intelligence?

Yann LeCun, former Meta chief AI scientist, argues that current large language models like ChatGPT lack true understanding and cannot handle real-world tasks such as robotics, as they merely regurgitate statistical patterns rather than reasoning about physical reality. His newly founded AMI Labs is developing an alternative AI system called JEPA (Joint Embedding Predictive Architecture) that creates abstractions of the real world to better understand complex situations, and has already raised over $1 billion in funding from investors including Nvidia and Jeff Bezos's investment fund.