Lates News

According to foreign media reports, AMD (AMD.O) has agreed to acquire artificial intelligence startup World Labs for $8.2 billion, bringing in an AI team founded by AI pioneer and researcher Fei-Fei Li. The two companies said in a statement on Monday that the all-stock deal is expected to close by the end of this year, subject to regulatory approval. As an important competitor to Nvidia (NVDA.O) in the AI chip market, AMD will gain a top research team and its models through this acquisition, which will help the company plan future hardware products. AMD CEO Lisa Su said: "The more you understand the entire end-to-end process, the better systems you can build." She said the acquisition of World Labs is aimed at obtaining the world-class talent that Fei-Fei Li has brought together and combining it with AMD's capabilities in hardware, software, and systems. Under the agreement, Fei-Fei Li will join AMD as executive vice president and chief scientist, reporting directly to Lisa Su.