World Labs · 8200000000 · AMD
AMD to acquire AI startup World Labs for $8.2 billion in all-stock deal: Advanced Micro Devices Inc. has agreed to acquire World Labs, an artificial intelligence startup founded by Fei-Fei Li, for $8.2 billion in an all-stock deal. The transaction is expected to close by the end of the year. Following the acquisition, Li will join AMD as executive vice president and chief scientist.
Source Brief
AMD to acquire AI startup World Labs for $8.2 billion in all-stock deal: Advanced Micro Devices Inc. has agreed to acquire World Labs, an artificial intelligence startup founded by Fei-Fei Li, for $8.2 billion in an all-stock deal. The transaction is expected to close by the end of the year. Following the acquisition, Li will join AMD as executive vice president and chief scientist.