AMD acquires AI company World Labs in $8.2 billion all-stock deal
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AMD announced the acquisition of World Labs, an AI research company co-founded by Dr. Fei-Fei Li, in an all-stock deal valued at approximately $8.2 billion. World Labs, founded in 2024, quickly rose to a $1 billion valuation and recently launched its first commercial product, a world generation model. This acquisition marks a significant investment by AMD into the AI sector.
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Originally published by theverge