AMD agrees to buy FeiFei Lis World Labs for $8.2bn in stock

Image for article AMD agrees to buy FeiFei Lis World Labs for $8.2bn in stock
News Source : The Next Web

News Summary

  • AMD has agreed to buy World Labs, the AI model startup led by Fei-Fei Li.
  • Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su.
  • AMD expects the deal to close by the end of 2026, subject to regulatory approvals.
  • After it closes, the World Labs team will keep working on AI model research, AMD said.
  • It said World Labs’ model expertise will show it how AI workloads are changing and help shape its future technology roadmaps.
AMD has agreed to buy World Labs, the AI model startup led by FeiFei Li, in an allstock deal valued at about $8.2bn. AMD announced the deal on Monday.

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