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AMD to buy World Labs in an all-stock deal valued at about $8.2 billion

The acquisition is projected to close by the end of the year, and would be AMD's second-largest deal on record.

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Advanced Micro Devices plans to acquire World Labs, an AI startup launched by computer scientist Fei-Fei Li, in an all-stock transaction valued at about $8.2 billion, according to MarketBeat Ratings.

The deal would be AMD's second-largest acquisition on record and is projected to close by the end of the year, assuming the process goes according to plan.

MarketBeat Ratings said the company is pursuing the move to inform its chip roadmap and to shape how it approaches hardware, software, and broader computing demands.

The outlet also noted uncertainty around near-term customer reaction and whether the acquisition will help AMD sell more chips in the short term.

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