AMD agreed to acquire World Labs. The deal is worth $8.2 billion in stock. World Labs is a San Francisco AI lab founded by Fei-Fei Li. It develops world models for simulating 3D environments. Li will become AMD’s chief scientist and executive vice president. AMD previously invested in World Labs. The acquisition is AMD’s second largest on record. World Labs will remain separate from AMD’s chip business until the deal closes. AMD plans to use the lab’s research to guide future AI chip development. The transaction is expected to close later this year.
What changed
AMD had previously invested in World Labs but did not own it.
What it unlocks
AMD gains World Labs' world model research and Fei-Fei Li as chief scientist.
- $8.2 billion all-stock deal
- second largest AMD acquisition
- $50 billion for Xilinx in 2022
What you need to act on it
- transaction closes later this year
Sources