AMD to acquire World Labs in $8.2 billion deal
Advanced Micro Devices said it entered an agreement to acquire Dr. Fei-Fei Li's World Labs startup.
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08:11:21 PM UTC
SquawkNews
AMD agreed to acquire AI model and research lab World Labs in an all-stock deal valued at about $8.2 billion. World Labs develops spatial-intelligence models for generating and simulating interactive 3D environments from text, images, and video. The deal targets AI compute needs tied to reasoning, robotics, simulation, and physical AI, shaping AMD’s hardware and software roadmap. Fei-Fei Li is set to join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su. Closing is expected by end-2026, subject to customary conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AMD — Advanced Micro Devices Inc. published the original content used to generate this news brief via (Ref. ID: 202609281605PRIMZONEFULLFEED9835317) on September 28, 2026, and is solely responsible for the information contained therein. (C)
08:21:22 PM UTC
SquawkNews
AMD entered a merger agreement on Sept. 26, 2026 to acquire World Labs Technologies for about $8.2 billion. Consideration will be paid in AMD common stock issued in an unregistered private placement to World Labs stockholders. Share count will be set using the 10-day VWAP ending two trading days before closing, subject to customary adjustments. Issuance will rely on Securities Act exemptions under Section 4(a)(2) and/or Rule 506 of Regulation D. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AMD — Advanced Micro Devices Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000002488-26-000182), on September 28, 2026, and is solely responsible for the information contained therein. (C)
Advanced Micro Devices said on Monday it has agreed to buy Dr. 2 billion. The report was dated Sept 28 and included Reuters byline and contact details for Akash Sriram in Bengaluru, including +91-99017-77617 and 99017-77617.