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AMD acquires ‘godmother of AI’ Li Fei-Fei’s start-up as battle with Nvidia intensifies

AMD acquires ‘godmother of AI’ Li Fei-Fei’s start-up as battle with Nvidia intensifies
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US chip giant Advanced Micro Devices (AMD) has agreed to acquire World Labs, the artificial intelligence start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for US$8.2 billion in an all-stock deal, as the company steps up its rivalry with Nvidia. The acquisition, expected to close by the end of this year, would integrate World Labs’ research team and spatial-intelligence model expertise into AMD, according to an announcement on Monday. Li, a Stanford University...

US chip giant Advanced Micro Devices (AMD) has agreed to acquire World Labs, the artificial intelligence start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for US$8.2 billion in an all-stock deal, as the company steps up its rivalry with Nvidia. The acquisition, expected to close by the end of this year, would integrate World Labs’ research team and spatial-intelligence model expertise into AMD, according to an announcement on Monday. Li, a Stanford University professor...
AMD (ORG) Li Fei-Fei’s (PERSON) Nvidia (ORG) US (LOCATION) Advanced Micro Devices (ORG) World Labs (ORG) Chinese-American (ORG) Li Fei-Fei (PERSON) World Labs’ (ORG) Li (PERSON) Stanford University (ORG)
Originally published by South China Morning Post Read original →