AMD is acquiring AI company World Labs in a deal worth more than $8 billion
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TL;DR
- AMD is acquiring World Labs for approximately $8.2 billion in an all-stock deal.
- Dr. Fei-Fei Li, co-founder and CEO of World Labs, will become AMD's EVP and chief scientist.
- The World Labs team will continue to focus on advancing AI model research.
- The acquisition is expected to strengthen AMD's AI hardware, software, and systems development.
- This is the latest in a series of multi-billion dollar AI-related acquisitions, following Nvidia's deal to acquire Hugging Face.