AMD Signs Deal to Acquire World Labs for About $8.2 Billion
AMD announced on September 28, 2026 a definitive agreement to acquire World Labs, the San Francisco AI research lab led by chief executive Fei-Fei Li. The price is about $8.2 billion in an all-stock transaction, with closing expected by the second half of 2026 subject to regulatory approvals and other customary conditions. World Labs develops spatial intelligence models that generate, reconstruct, and simulate interactive 3D environments from text, image, and video inputs, along with robot learning and simulation technology. In early September 2026 the company announced Atlas, a world model that generates images, video, and 3D spaces, including 1440p video generation and camera work that follows instructions. After closing, the World Labs team will continue its AI model research. Li becomes AMD executive vice president and chief scientist, reporting directly to AMD chair and CEO Lisa Su.