[AMD Announces $8.2 Billion Acquisition of World Labs, Fei-Fei Li Appointed as Chief Scientist] According to NetEase Technology, on September 28, AMD announced it will acquire AI startup World Labs in an all-stock transaction valued at approximately $8.2 billion. World Labs was co-founded by renowned AI research pioneer Fei-Fei Li, who also serves as its CEO. Upon completion of the transaction, Fei-Fei Li will join AMD as Executive Vice President and Chief Scientist, reporting directly to CEO Lisa Su. The acquisition is expected to be completed by the end of 2026, pending regulatory approval and the fulfillment of other customary closing conditions. Founded in 2024 and headquartered in San Francisco, World Labs focuses on developing spatial intelligence models capable of generating, reconstructing, and simulating interactive 3D environments from text, image, and video inputs, while also advancing technologies related to robotics learning and simulation. Earlier this year, World Labs completed a $1 billion funding round.