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

AI Summary

AMD has agreed to acquire World Labs, the AI start-up founded by computer scientist Li Fei-Fei, in an all-stock deal valued at $8.2 billion. The acquisition is expected to bring World Labs' spatial-intelligence research and team into AMD as it competes more intensely with Nvidia.

US chip giant Advanced Micro Devices (AMD) has agreed to acquire World Labs, the artificial intelligence start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for US$8.2 billion in an all-stock deal, as the company steps up its rivalry with Nvidia. The acquisition, expected to close by the end of this year, would integrate World Labs’ research team and spatial-intelligence model expertise into AMD, according to an announcement on Monday. Li, a Stanford University professor...