AMD announced that it will acquire U.S. AI startup World Lab. The total acquisition price is approximately $8.2 billion (approximately ¥1.29 trillion), to be paid entirely in shares, with completion of the procedures expected by year-end.
AMD formally announced that it will acquire World Lab, a U.S. startup engaged in AI research and development. The total acquisition price is approximately $8.2 billion, and the payment will be made entirely in shares. Completion of the procedures is expected by year-end.
World Lab is a company involving Professor Fei-Fei Li and others, who are leading figures in AI research and among its founders, and is headquartered in San Francisco. Its strength lies in developing “spatial intelligence” models that generate 3D virtual environments whose interiors can be freely manipulated using text and images, as well as technology for robot learning in virtual environments.
Through the acquisition of World Lab, AMD aims to strengthen development of semiconductors for next-generation AI and acquire technological assets that will help it take the lead in AI research.
The announcement was reported based on coverage by Kyodo News, with the reports consistently stating that completion of the procedures is expected by year-end.