Advanced Micro Devices to acquire Fei-Fei Li's World Labs startup for $8.2 billion

On September 28, 2026, Advanced Micro Devices (AMD) announced it would acquire World Labs, an AI startup founded by Fei-Fei Li, in an all-stock deal valued at $8.2 billion. World Labs, based in San Francisco, develops spatial-intelligence models that can generate and simulate 3D environments. The acquisition aims to bolster AMD's AI capabilities as the industry moves beyond chatbots. Fei-Fei Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su. The deal is expected to close by the end of 2026.