Nvidia rival AMD to buy industry pioneer’s AI start-up World Labs for US$8.2 billion
The all-stock transaction is expected to close by the end of the year, subject to regulatory approvals.
Advanced Micro Devices (AMD) announced plans to acquire AI start-up World Labs for US$8.2 billion, solidifying its position as a key competitor to industry leader Nvidia in the market for AI chips. The all-stock transaction is expected to close by year-end, contingent on regulatory approvals. World Labs, founded by Stanford University researcher Fei-Fei Li, specializes in developing "world models" - AI software capable of running applications in the physical world.
These models create and reconstruct three-dimensional environments, which can aid advancements in robotics, scientific discovery, and factory equipment. Li, who will join AMD as executive vice president and chief scientist, will collaborate with AMD's team to enhance the company's AI offerings. AMD aims to provide a variety of AI models to customers, expanding its services to data centre clients, its primary revenue source.
With this acquisition, AMD seeks to bolster its AI capabilities, accelerate software-hardware development, and ultimately define the future of AI compute.
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