Fei-Fei Li is now AMD's chief scientist, which is the first time 'chief scientist' has ever been a demotion from 'Stanford professor'.

AMD buying Fei-Fei Li's World Labs in $8.2 billion all-stock deal

AMD agreed on Monday to acquire World Labs, the San Francisco AI lab founded by Stanford researcher Fei-Fei Li, in an all-stock deal worth about $8.2 billion. Li becomes AMD's chief scientist and an executive vice president, and World Labs stays separate from the chipmaking business until the transaction closes later this year. It is AMD's second-largest purchase ever, after the roughly $50 billion Xilinx deal in 2022, as chipmakers race to buy AI research talent.

Source: AMD buying Fei-Fei Li's World Labs in $8.2 billion all-stock deal — CNBC

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Topics: amd · worldlabs · feifeili · ai · artificialintelligence · techacquisition · siliconvalley · nvidia