AMD agrees to buy World Labs for about $8.2 billion

AMD said on September 28 it signed a definitive all-stock agreement to acquire San Francisco world-model lab World Labs, led by Fei-Fei Li, for about $8.2 billion. After close, Li is to join AMD as executive vice president and chief scientist reporting to CEO Lisa Su, and the World Labs team is to keep working on spatial-intelligence models. The deal is expected to close by the end of 2026, subject to regulatory approvals; World Labs is untracked here.