AMD Bolsters AI Vision With $8.2B Acquisition Of Fei-Fei Li’s World Labs, Stock Drops 4%

Advanced Micro Devices Inc. (AMD) on Monday announced the purchase of artificial intelligence startup World Labs in an all-stock transaction valued at approximately $8.2 billion, aiming to strengthen its position against rival Nvidia Corp. (NVDA)The transaction is expected to close by year-end, sub…