AMD (Advanced Micro Devices) Stock News

Advanced Micro Devices (AMD) announced late Monday plans to acquire World Labs, an ambitious AI startup specializing in spatial intelligence and 3D “world models.” Under the terms of the landmark $8.2 billion all-stock transaction, World Labs founder and AI pioneer Dr. Fei-Fei Li will join AMD as executive vice president and chief scientist, reporting directly to CEO Lisa Su.

Advanced Micro Devices briefly surpassed $1 trillion in market value last week after shares rallied nearly 13%, extending the chipmaker's remarkable turnaround under CEO Lisa Su. CNBC's Jim Cramer said AMD's run isn't over, arguing the rise of agentic AI will drive significant demand for the company's high-end CPUs.

AMD is acquiring AI pioneer Fei-Fei Li's World Labs in an $8.2 billion all-stock deal. World Labs builds AI models for 3D environments, robotics, and simulation.

The chip maker is acquiring World Labs and adding AI pioneer Fei-Fei Li as its chief scientist.

World Labs, one of the leading developers of deep learning models intended to understand physical reality, has been acquired in a $8.2 billion deal, the two companies said today.

Semiconductor company said the deal would bring leading AI research and development talent and help the company develop better AI hardware, software, and systems, especially in the growing field of physical AI and robotics.

AMD announced on Monday that it has entered into an agreement to acquire World Labs, a San Francisco-based AI lab developing a kind of model called a world model, which can be used to simulate 3D environments. AMD said on Monday that the lab was acquired for about $8.2 billion in an all-stock transaction.

Advanced Micro ​Devices ‌said on ​Monday ​that it had ⁠entered ​an ​agreement to acquire ​Dr. ​Fei-Fei Li's World ‌Labs ⁠startup in a ​deal ​valued ⁠at $8.2 ​billion.