AMD agrees $8.2bn deal to acquire Fei-Fei Li’s World Labs

AMD has agreed to acquire AI startup World Labs in an all-stock transaction valued at about $8.2 billion, Reuters reported. World Labs, founded by computer-vision pioneer Fei-Fei Li, focuses on spatial intelligence and systems that model and understand three-dimensional environments. AMD said Li is expected to become an executive vice president and chief scientist after the deal closes, which is expected by the end of 2026.