AMD buys Fei Fei Li’s World Labs for $8.2bn
Fei Fei Li to lead AMD as its new chief scientist. 2bn
AMD has finalized a $8.2 billion acquisition of World Labs, an AI start-up founded by Dr Fei Fei Li, to bolster its AI capabilities. World Labs, described as a "spatial intelligence company" that creates 3D virtual worlds from image or text prompts, will be led by Li as its new chief scientist and executive vice-president, reporting directly to AMD's CEO Dr Lisa Su.
The acquisition, expected to close by year-end, brings World Labs' team of approximately 70 employees onto AMD's roster. Li and her team had already established a "deep technical partnership" with AMD the previous year. The deal was backed by Nvidia, AMD, and Autodesk, which invested $200 million and took an advisory role in the company. Li's startup raised $1 billion in a funding round in 2024 at a reported $5 billion valuation.
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Also reported by 1 other outlet
- AMD to acquire Fei-Fei Li's World Labs in $8.2 billion deal economictimes.indiatimes.com
