727 FinancePANews Sept. 29, according to NetEase Technology, on Sept. 28, AMD announced that it would acquire AI startup World Labs in an approximately $8.2 billion all-stock deal, which was co-founded and served as CEO by well-known AI research pioneer Li Feifei. Upon completion of the transaction, Li Feifei will join AMD as Executive Vice President and Chief Scientist, reporting directly to CEO Su Zifeng. The acquisition is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions. Founded in 2024 and headquartered in San Francisco, World Labs focuses on developing spatial intelligence models that generate, reconstruct, and simulate interactive three-dimensional environments from text, image, and video inputs, while developing technologies for robotics learning and simulation. Earlier this year, World Labs closed a $1 billion funding round.
PANews September 29 news, according to NetEase Technology, on September 28, AMD announced it would acquire AI startup World Labs in an all-stock deal worth approximately $8.2 billion. The latter was co-founded by renowned AI research pioneer Fei-Fei Li, who also serves as CEO. After the transaction is completed, Fei-Fei Li will join AMD as executive vice president and chief scientist, reporting directly to CEO Lisa Su. The acquisition is expected to be completed by the end of 2026, subject to regulatory approval and the satisfaction of other customary closing conditions.
World Labs was founded in 2024 and is headquartered in San Francisco. It focuses on developing spatial intelligence models capable of generating, reconstructing, and simulating interactive three-dimensional environments from text, image, and video inputs, while also developing related technologies for robot learning and simulation. Earlier this year, World Labs completed a $1 billion funding round. Its first product, Marble, is aimed at entertainment experience creation scenarios and can also provide simulation environments for robot training.