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Bloomberg, Reuters, TechCrunch, The Verge and AMD's own release confirm the $8.2B all-stock AMD-World Labs deal announced Sept 28.

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via DigiTimes Asia

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Home/Tech/AMD to acquire World Labs in all-stock deal worth about 8.2 billion dollars
VERIFIEDBy Xavier Rivera· ·1 min read

AMD to acquire World Labs in all-stock deal worth about 8.2 billion dollars

Advanced Micro Devices plans to buy World Labs for roughly US$8.2 billion using stock only. This acquisition provides access to 3D modeling technology meant to inform the development of new hardware, software, and systems.

Source:DigiTimes Asia
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AMD to acquire World Labs in all-stock deal worth about 8.2 billion dollars
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TL;DRAI · 60 sec read

Advanced Micro Devices has reached an agreement to take over World Labs, the San Francisco AI research startup headed by Fei-Fei Li, via an all-stock deal worth about 8.2 billion dollars. AMD aims to leverage the startup's 3D modeling skills in its chip development process to guide upcoming hardware, software, and systems.

Advanced Micro Devices has reached an agreement to take over World Labs, the San Francisco AI research startup headed by Fei-Fei Li, via an all-stock transaction worth approximately US$8.2 billion.
AMD aims to leverage the startup's 3D modeling skills in its chip development process.
AMD aims to leverage the startup's 3D modeling skills in its chip development process. The chipmaker intends to use the acquired model's capabilities to guide development of its upcoming hardware, software, and overall systems. Standard closing requirements still apply to the transaction.
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World Labs specializes in creating 3D world models for artificial intelligence applications. Its technology produces three-dimensional depictions of various settings. Fei-Fei Li leads the company.
World Labs specializes in creating 3D world models for artificial intelligence applications.
The payment method consists entirely of stock. The terms include no cash element. The price is set at around US$8.2 billion.
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The purchase supports AMD's plans for AI-related hardware. Integration is expected to affect future offerings in several areas of the company's portfolio. No information on when the deal will close has been provided.
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