AMD will acquire Fei-Fei Li’s World Labs for $8.2 billion

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1. 1h ago

   AMD Acquires Fei-Fei Li's World Labs for $8.2 Billion

   Advanced Micro Devices has agreed to acquire World Labs, the artificial intelligence startup co-founded by Fei-Fei Li, in an all-stock transaction valued at $8.2 billion. As part of the agreement, Li will join Advanced Micro Devices as executive vice president and chief scientist. San Francisco-based World Labs focuses on spatial-intelligence models and physical artificial intelligence. The deal represents the chipmaker's second-biggest acquisition on record and follows a previous investment by Advanced Micro Devices in the startup earlier this year.

   Why it matters

   The acquisition strengthens Advanced Micro Devices as it competes against graphics processing unit rival Nvidia in the artificial intelligence sector. World Labs previously raised $1 billion in a funding round earlier this year to develop models that understand and simulate the physical world. Advanced Micro Devices announced the transaction on Monday.

   What is confirmed

   • Advanced Micro Devices agreed to acquire World Labs for $8.2 billion in stock.
   • World Labs co-founder Fei-Fei Li will join Advanced Micro Devices as executive vice president and chief scientist.
   • World Labs is a San Francisco-based startup that develops spatial-intelligence models and raised $1 billion in a funding round earlier this year.
   • Advanced Micro Devices previously invested in World Labs prior to this acquisition.
   • This transaction marks the second-biggest acquisition on record for Advanced Micro Devices.

   What to watch next

   • Regulatory approval and closing timeline for the $8.2 billion stock transaction
   • Further integration details regarding spatial-intelligence models into Advanced Micro Devices hardware products
   Sources used for this update (15)

   1. ir.amd.com — Advanced Micro Devices, Inc. (AMD)
   2. CNBC — AMD acquiring Fei-Fei Li's World Labs AI firm in deal worth $8.2 billion
   3. Bloomberg — AMD to Buy Fei-Fei Li’s World Labs AI Startup for $8.2 Billion
   4. TechCrunch — AMD will acquire Fei-Fei Li’s World Labs for $8.2 billion
   5. ft.com — AMD to buy Fei-Fei Li’s AI start-up for $8bn
   6. Axios — AMD agrees to acquire World Labs for $8.2B in stock
   7. techcrunch.com — AMD will acquire Fei-Fei Li’s World Labs for $8.2 billion
   8. economictimes.indiatimes.com — AMD to acquire Fei-Fei Li's World Labs in $8.2 billion deal
   9. www.cnbc.com — AMD acquiring Fei-Fei Li's World Labs AI firm in deal worth $8.2 billion
   10. finance.yahoo.com — AMD to buy Fei-Fei Li's World Labs in $8.2 billion bet on 'physical AI'
   11. www.bitget.com — AMD acquires World Labs for $8.2 billion, Fei-Fei Li appointed as Chief Scientist | Bitget News
   12. www.ibtimes.com — AMD Is Betting More Than $8 Billion On Fei-Fei Li's World Labs. Its Stock Is Up. | IBTimes
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