**[AMD Spends $8.2 Billion to Acquire World Labs, Fei-Fei Li to Become AMD's Chief Scientist]** Golden Finance reported on September 29 that, according to foreign media, AMD (AMD.O) has agreed to acquire artificial intelligence startup World Labs for $8.2 billion, bringing onboard the AI team founded by Fei-Fei Li, a pioneer and researcher in the field of artificial intelligence. The two companies stated in a joint announcement on Monday that the all-stock transaction is expected to be completed by the end of this year, pending regulatory approval. As a major competitor to NVIDIA (NVDA.O) in the AI chip market, AMD will gain access to a top-tier research team and their models through this acquisition, which will help the company plan its future hardware products. AMD CEO Lisa Su stated, "The more you understand the entire end-to-end process, the better systems you can build." She emphasized that the acquisition of World Labs is aimed at securing the world-class talent assembled by Fei-Fei Li and integrating it with AMD's capabilities in hardware, software, and systems. According to the agreement, Fei-Fei Li will join AMD as Executive Vice President and Chief Scientist, reporting directly to Lisa Su.