AMD acquires ‘godmother of AI’ Li Fei-Fei’s start-up as battle with Nvidia intensifies

Advanced Micro Devices (AMD) has agreed to acquire World Labs, an AI start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for $8.2 billion in an all-stock deal. The acquisition is expected to close by the end of this year, enhancing AMD's competitive stance against Nvidia. World Labs, established by Li Fei-Fei, possesses significant expertise in spatial intelligence models. Through this acquisition, AMD will integrate World Labs' research team and their specialized knowledge into its operations, boosting its AI capabilities.