Acquisition

World Labs, the AI startup founded by Fei-Fei Li, has signed a definitive agreement to join AMD. The company says the move will allow it to scale its efforts and get closer to the hardware, building on a technical partnership that began last year with model training and inference optimization on AMD GPUs.

Business • Hacker News

AMD → World Labs

AMD has agreed to acquire Fei-Fei Li's World Labs for $8.2 billion in an all-stock deal expected to close by year-end. Li will join AMD as EVP and chief scientist.

Nvidia → Hugging Face

Sources indicate that OpenAI offered to invest approximately $100 million in Hugging Face before Nvidia's $13 billion acquisition, but talks fell apart. AMD and Salesforce also held talks with the company.

AMD → World Labs

AMD has acquired World Labs AI startup, upping the ante against Nvidia. The deal, which is expected to close by year's end, is worth $8.2 billion.

Kortext → StudyStash

Adaptive AI study platform StudyStash has been acquired by edtech company Kortext, a year after its founders graduated from the University of Birmingham. Financial terms of the acquisition were not disclosed.

Lottie → CareMaster

London healthtech startup Lottie has acquired 25-year-old care billing software provider CareMaster, its second care software acquisition. This move expands its use of AI to tackle time-consuming care operations.