AMD agrees to buy Fei-Fei Li's World Labs in $8.2B deal

AMD announced on September 28, 2026, a definitive agreement to acquire World Labs, the San Francisco AI lab led by Fei-Fei Li, in an approximately $8.2 billion all-stock deal expected to close by the end of 2026 subject to regulatory approval. Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su. World Labs develops spatial-intelligence models that generate and simulate interactive 3D environments from text, image and video inputs; it raised $1 billion earlier this year, AMD had invested previously, and the lab stays separate from chipmaking until closing. Lisa Su said, "Fei-Fei and the World Labs team bring exceptional research leadership and model expertise. Together, we can use that insight to develop the hardware, software and systems that will power the next generation of AI and strengthen the open AI ecosystem." Kevin Bryan posted on X comparing the purchase to Google's $500 million DeepMind deal, then deleted the post. RTTNews reported AMD at $608.50 after hours, up 0.10 percent. No factual disputes were found among sources; regulatory approval remains pending before the expected close.