AMD to acquire World Labs in $8.2 billion all-stock deal

Chipmaker AMD said on Monday that it will acquire artificial intelligence company World Labs in a deal valued at $8.2 billion.

World Labs is based in San Francisco. The planned purchase would bring the AI company into AMD’s business, linking a chipmaker with a company focused on artificial intelligence.

AMD said the full purchase price will be paid in shares rather than cash, making the proposed acquisition an all-stock transaction.

The deal was announced as a planned takeover, not a completed purchase. No closing timetable was provided in the summary of the announcement.