AMD agreed to acquire AI startup World Labs in an all-stock deal valued at
$8.2bln, expected to close by year-end subject to regulatory approval. The
purchase brings Fei-Fei Li’s research team and models to AMD to support future
hardware planning and bolster AMD’s competitive position versus NVIDIA in the AI
chip market. Fei-Fei Li will join AMD as executive vice president and chief
scientist, reporting directly to CEO Lisa Su.
