Who deserves the valuation: Figure at $39B or World Labs at $8.2B?
AMD is buying World Labs, Fei-Fei Li's spatial-intelligence startup, for $8.2B in all stock.
Some context on how wild this is:
- World Labs is barely 2 years old (founded 2024) and essentially pre-revenue. It just raised $1B earlier this year.
- It's AMD's second-biggest acquisition ever, behind only the ~$50B Xilinx deal.
- Fei-Fei Li joins AMD as EVP and Chief Scientist, reporting straight to Lisa Su.
The why: AMD is buying into "physical AI", 3D world models for robotics and simulation, to chase Nvidia beyond chips.