American chip manufacturer Advanced Micro Devices Inc. (AMD) has signed an agreement to acquire AI startup World Labs for $8.2 billion. This is reported in AMD's press release.
As part of the deal, AMD, Nvidia Corp.'s main competitor. in the AI chip market, integrates the development team World Labs and their models, as well as data on the prospects for the development of AI in its structure for the production of innovative hardware. Previously, World Labs acquired the startup SceniX, which develops software for training robots in realistic virtual worlds.
AMD's market capitalization is $1 trillion. The transaction is expected to be completed at the end of 2026, subject to regulatory approval.
The deal will also expand AMD's product portfolio with new AI models for data centers, which are the company's main source of revenue, and reduce the gap with Nvidia in the field of robotics.
Nvidia remains the most expensive company in the world with a market capitalization of over $5 trillion. In early September, Nvidia signed an agreement to acquire the Hugging Face AI startup for $13 billion and became the first company to combine hardware and services with AI chips to speed up the workflow.
Advanced Micro Devices, Inc. (AMD) is an American manufacturer of integrated circuits and electronics. AMD develops and manufactures semiconductor devices, including central and graphics processors and other microchips. The headquarters is located in Santa Clara, California. Revenue is 34.6 billion.
World Labs is a developer of spatial intelligence models capable of generating, validating and interacting with virtual and physical worlds, as well as reconstructing three—dimensional environments for the development of robots, scientific discoveries and industrial equipment. World Labs is headquartered in San Francisco, California.
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