AMD Acquires World Labs AI Startup for $8.2 Billion
Deals·2 articles across 2 outlets·◆ Primary source·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
AMD has announced its acquisition of World Labs, an AI startup founded by Fei-Fei Li, for approximately $8.2 billion. This deal marks AMD's second largest acquisition to date and follows a previous investment in World Labs.
The acquisition aims to enhance AMD's capabilities in AI compute, leveraging World Labs' expertise in developing AI models that understand 3D environments. Fei-Fei Li will join AMD as its chief scientist, further solidifying the company's commitment to advancing AI technology.
AMDWorld LabsFei-Fei Li
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“AMD to Acquire World Labs to Advance the Future of AI Compute”
SEC Filing — AMD to Acquire World Labs to Advance the Future of AI Compute“AMD previously invested in World Labs before the acquisition, which is the chipmaker's second biggest on record.”
CNBC — AMD acquiring Fei-Fei Li's World Labs AI firm in deal worth $8.2 billion“World Labs was founded by Stanford University researcher to work on AI models that understand 3D environments”
FT — AMD to buy Fei-Fei Li’s AI start-up for $8bn“Chipmaker AMD agreed to acquire World Labs for $8.2 billion, gaining an AI startup founded by industry pioneer and researcher Fei-Fei Li.”
Bloomberg — AMD to Buy Fei-Fei Li’s World Labs AI Startup for $8.2 Billion“The chip maker is buying the startup and adding AI pioneer Fei-Fei Li as its chief scientist.”
MarketWatch — AMD makes a big bet on the next era of AI with World Labs acquisition
SupportCorroborates it
“AMD is betting big on "world models" that could power robots, factories, and other physical AI systems.”
business insider — One of AI's most influential researchers is joining AMD in an $8 billion deal“AMD announced today that it's acquiring World Labs, an AI research lab co-founded by the prominent researcher Dr. Fei-Fei Li, in an all-stock deal worth approximately $8.2 billion.”
The Verge — AMD is acquiring AI company World Labs in a deal worth more than $8 billion“The acquisition will see World Labs founder Fei-Fei Li join AMD as executive vice president and chief scientist.”
TechCrunch — AMD will acquire Fei-Fei Li’s World Labs for $8.2 billion“Edward Ludlow / Bloomberg: AMD agrees to acquire Fei-Fei Li's World Labs for $8.2B in an all-stock deal expected to close by year-end; Li will join AMD as EVP and chief scientist — Chipmaker”
techmeme — AMD agrees to acquire Fei-Fei Li's World Labs for $8.2B in an all-stock deal expected to close by year-end; Li will join AMD as EVP and chief scientist (Edward Ludlow/Bloomberg)“AMD is acquiring World Labs, an AI startup founded by industry pioneer and researcher Fei-Fei Li, in an all-stock transaction valuing World Labs at about $8.2 billion.”
Bloomberg — AMD Acquires Fei-Fei Li’s World Labs for $8.2 Billion
Earlier versions
- Sep 28, 8:05 PM — AMD to Acquire World Labs AI Startup for $8.2 Billion (2/2)
- Sep 28, 9:00 PM — AMD Acquires World Labs for $8.2 Billion to Enhance AI Capabilities (7/6)