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Advanced Micro Devices (AMD) stock gained on Tuesday after the chipmaker announced an $8.2 billion all-stock deal to acquire World Labs, an artificial intelligence startup focused on spatial intelligence and 3D “world models.”Under the transaction, World Labs founder and AI researcher Dr. Fei-Fei L…
Advanced Micro Devices (NasdaqGS:AMD) agreed to acquire AI specialist World Labs for US$8.2b. World Labs was co founded by AI researcher Dr. Fei Fei Li, whose work focuses on spatial intelligence and 3D environment models. Dr. Li will join AMD as executive vice president and chief scientist, leading the group’s AI…
AMD earned positive marks from Wall Street for its planned $8.2 billion acquisition of AI model builder World Labs. AMD stock dipped.