FinanceThe Vergeabout 1 hour ago
AMD Acquires World Labs for $8.2 Billion
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AMD is acquiring AI research lab World Labs, co-founded by Fei-Fei Li, in an all-stock deal worth approximately $8.2 billion. Li becomes AMD's chief scientist, reporting to CEO Lisa Su. The deal, expected to close by year's end, follows Nvidia's nearly $13 billion acquisition of Hugging Face earlier this month.
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