AMD announces acquisition of World Labs for $8.2 billion, Li Feifei will join AMD

AMD announced the acquisition of AI startup World Labs in a $8.2 billion all stock deal, with Li Feifei serving as Executive Vice President and Chief Scientist, reporting directly to CEO Su Zifeng. The transaction is expected to be completed by the end of 2026 and is awaiting regulatory approval. (Source: NetEase Technology)