AMD acquires World Labs in $8.2B AI deal

AMD announced the acquisition of World Labs, the research and modeling laboratory specializing in artificial intelligence, for $8.2 billion paid entirely in shares. The deal aims to enhance AMD's capabilities in developing hardware, software, and AI systems, particularly with a focus on emerging models and applications. After the completion of the transaction, Fei-Fei Li will join AMD as Vice President and Chief Scientist. The company's goal is to develop open AI technologies and support the next generation of technological applications.

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