AMD bolsters efforts against NVIDIA
AMD announced its acquisition of World Labs, a company specializing in artificial intelligence, valued at $8.2 billion through share exchange. The move aims to strengthen its competitive position against NVIDIA in the AI market. The deal includes the integration of a team of researchers and advanced AI models, particularly world models that create three-dimensional environments for use in robotics development and scientific applications. The transaction is expected to be finalized by the end of the year after regulatory approvals. Renowned researcher Lee-vi-Lee will assume the roles of Vice President and Chief Scientist at AMD.
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