AMD to Acquire AI Innovator World Labs for $8.2 Billion

AMD is set to acquire AI research lab World Labs, founded by Dr. Fei-Fei Li, in an all-stock deal valued at approximately $8.2 billion. The acquisition aims to enhance AMD's AI hardware and software capabilities. Li will assume the role of chief scientist at AMD. World Labs is known for its world generation model, Marble. The deal is projected to close by year-end.