Announcement
AMD agrees to acquire World Labs in $8.2 billion all-stock deal
World Labs says Fei-Fei Li will join AMD as executive vice president and chief scientist, working directly with CEO Lisa Su. The company says the move will bring its spatial AI research closer to the hardware.
TLDR
AMD announced a definitive agreement to acquire World Labs. Bloomberg reporter Ed Ludlow describes it as an $8.2 billion all-stock deal. World Labs says joining AMD will help it scale research into spatial and physical AI. It says Fei-Fei Li will join AMD as executive vice president and chief scientist, working directly with CEO Lisa Su.
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