AMD agrees to acquire Fei-Fei Li's World Labs for $8.2B in an all-stock deal expected to close by year-end; Li will join AMD as EVP and chief scientist (Edward Ludlow/Bloomberg)

Advanced Micro Devices announced an all-stock acquisition of Fei-Fei Li’s World Labs for $8.2 billion, with the deal expected to close by year-end. Li will join AMD as executive vice president and chief scientist, bringing her AI expertise to the chipmaker’s research and product teams. The transaction expands AMD’s AI capabilities and positions it to compete more directly with other semiconductor firms.