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AMD earned positive marks from Wall Street for its planned $8.2 billion acquisition of AI model builder World Labs. AMD stock dipped.
Advanced Micro Devices, Inc. (AMD) has announced a definitive agreement to acquire World Labs, an AI research entity led by Dr. Fei-Fei Li. This strategic acquisition aims to enhance AMD's capabilities in developing AI hardware, software, and systems as AI technology evolves into areas like reasoning and robotics. By…
Advanced Micro Devices (AMD), the chip designer, agreed to buy World Labs for about $8.2 billion in stock. Shares rose about 1.3% to $615.69 around 9:49 a.m. ET