AMD acquires world model developer World Labs for $8.2B

AMD acquires world model developer World Labs for $8.2B

Advanced Micro Devices Inc. today announced plans to buy World Labs Inc. for $8.2 billion in stock.

The move comes seven months after AMD backed a $1 billion funding round for the startup at a $5 billion valuation. The deal also included the participation of rival Nvidia Corp., which is poised to realize a significant return on investment. AMD expects to close the transaction by year’s end.

World Labs was founded…