AMD Is Buying Fei-Fei Li's World Labs for $8.2 Billion in a Push Into Physical AI
AMD doesn’t want to just sell the picks and shovels anymore. It wants to know exactly what the next gold rush will need. It’s spending $8.2 billion to find out. The chipmaker announced Monday it will acquire World Labs, the spatial-intelligence startup founded by AI pioneer Fei-Fei Li, in an all-stock deal valued at $8.2 billion. The companies expect it to close by the end of 2026, pending regulatory approvals. ...