AMD Paid $8.2 Billion for a Two-Year-Old Startup. The Chips Weren't the Point.
AMD is paying $8.2 billion in stock for Fei-Fei Li's World Labs — a ~40-person, two-year-old startup — to buy its way into spatial AI and take a swing at Nvidia.

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AMD is paying $8.2 billion in stock for Fei-Fei Li's World Labs — a ~40-person, two-year-old startup — to buy its way into spatial AI and take a swing at Nvidia.
AMD's market value pushed past $1 trillion for the first time as AI chip demand — and warrant deals with OpenAI and Meta — sent the stock up nearly 10%.
Miami's Felix closed a $200M Series C led by a16z and General Catalyst at a ~$1.4B valuation, moving $8B in remittances for 6M+ users through a WhatsApp chat.