InfoNews
AMD is acquiring AI company World Labs in a deal worth more than $8 billion
- Published
- Record updated
Summary
AMD announced it is acquiring World Labs, the AI research lab co-founded by Dr. Fei-Fei Li, in an all-stock deal worth approximately $8.2 billion. The deal is expected to close by the end of the year. Li will become EVP and chief scientist at AMD, reporting to CEO Lisa Su.