AI: AMD buys World Labs for around eight billion dollars
The chip manufacturer is expanding with the purchase of a team of leading AI researchers and their models. With this move, AMD is also taking a look at future hardware projects.
Advanced Micro Devices (AMD) has acquired start-up World Labs, founded by AI pioneer Fei-Fei Li, in an $8.2 billion deal announced after US market close on Monday. The acquisition brings AMD a team of leading researchers and their models, as well as insights into AI development, which will help the company plan its future hardware products.
AMD CEO Lisa Su stated that the deal will provide access to top talent and allow the company to combine its hardware, software, and systems expertise with World Labs' AI capabilities. World Labs develops "World Models" - AI software that can enable applications in the physical world, such as robotics, scientific research, and factory systems.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
