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AMD bets $8.2 billion that worlds matter more than words in AI
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AI pioneer Fei-Fei Li co-founded spatial AI research company World Labs in 2024.
Key facts
- AMD dove deeper into AI model development on Monday with an agreement to acquire Fei-Fei Li's World Labs in a deal valued at approximately $8.2 billion
- AI pioneer Fei-Fei Li co-founded spatial AI research company World Labs in 2024
- As part of the deal, World Labs will continue its work on advanced AI models, while Li will join AMD as executive vice president and chief scientist reporting directly to CEO Lisa Su
- Founded in early 2024, San Francisco-based World Labs has focused its efforts on developing spatial-intelligence models often referred to as "world models," which have applications beyond machine
Summary
AMD dove deeper into AI model development on Monday with an agreement to acquire Fei-Fei Li's World Labs in a deal valued at approximately $8.2 billion. The House of Zen claims the all-stock deal is expected to close by year's end pending regulatory approval, and will guide the development of future AI hardware, software, and systems. "Building the compute platforms for the next generation of AI requires a deep understanding of how models are evolving," AMD CEO Lisa Su said in a canned statement. Founded in early 2024, San Francisco-based World Labs has focused its efforts on developing spatial-intelligence models often referred to as "world models," which have applications beyond machine intelligence in adjacent fields like robotics.