AMD stock
On September 28, 2026, AMD announced a definitive agreement to acquire World Labs, a spatial--intelligence AI model startup led by Dr. Fei--Fei Li, in an all--stock transaction valued at approximately $8.2 billion. Under the terms of the agreement, Dr. Li will join AMD as executive vice president and chief scientist, reporting directly to Chair and CEO Dr. Lisa Su. The acquisition is structured to accelerate AMD's open AI ecosystem strategy by integrating World Labs' generative 3D simulation and world models directly into AMD's hardware and software silicon architecture, targeting next--generation physical AI, reasoning, and robotics workloads.