AMD

AMD was inching higher after announcing an $8.2 billion deal to buy World Labs, with other chip stocks gaining.

Advanced Micro Devices Inc. (NASDAQ:AMD) remains at the center of the AI trade as the chipmaker expands its technology portfolio through an $8.2 billion acquisition while investors focus on rising demand for CPUs and GPUs from agentic AI workloads.

Advanced Micro Devices (AMD) announced late Monday plans to acquire World Labs, an ambitious AI startup specializing in spatial intelligence and 3D “world models.” Under the terms of the landmark $8.2 billion all-stock transaction, World Labs founder and AI pioneer Dr. Fei-Fei Li will join AMD as executive vice president and chief scientist, reporting directly to CEO Lisa Su.

AMD is acquiring AI pioneer Fei-Fei Li's World Labs in an $8.2 billion all-stock deal. World Labs builds AI models for 3D environments, robotics, and simulation.

The chip maker is acquiring World Labs and adding AI pioneer Fei-Fei Li as its chief scientist.

Advanced Micro Devices Inc (NASDAQ:AMD) stock is trending late Monday after the company announced a deal to acquire World Labs.

World Labs, one of the leading developers of deep learning models intended to understand physical reality, has been acquired in a $8.2 billion deal, the two companies said today.

Semiconductor company said the deal would bring leading AI research and development talent and help the company develop better AI hardware, software, and systems, especially in the growing field of physical AI and robotics.

AMD announced on Monday that it has entered into an agreement to acquire World Labs, a San Francisco-based AI lab developing a kind of model called a world model, which can be used to simulate 3D environments. AMD said on Monday that the lab was acquired for about $8.2 billion in an all-stock transaction.

AMD is acquiring World Labs, an AI startup founded by industry pioneer and researcher Fei-Fei Li, in an all-stock transaction valuing World Labs at about $8.2 billion. AMD CEO Lisa Su and World Labs co-founder and CEO Fei-Fei Li sit down with Bloomberg Tech's Ed Ludlow to discuss why AMD is purchasing World Labs, the two companies' shared vision for AI's future encompassing all layers of the stack, and how the industry needs to come together for shared responsibility in developing a safe technology that benefits all of society.