AMD Acquires World Labs for $8.2 Billion in Stock, Fei-Fei Li Appointed as Executive Vice President
On September 28, AMD acquired startup company World Labs through a stock transaction worth approximately $8.2 billion (about 55.1 billion RMB). Co-founder "AI Goddess" Fei-Fei Li will join AMD as Executive Vice President and Chief Scientist, reporting directly to Dr. Lisa Su. World Labs was established in 2024, focusing on "world models," enabling AI to understand and build the world based on text, images, and visual information.