AMD acquires world model developer World Labs for $8.2B

T2Covered by 1 source · first reported by SiliconANGLE at 29 Sept, 00:22 UTC

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…