AMD's Form 8-K states that on September 26, 2026, Advanced Micro Devices entered into an Agreement and Plan of Merger to acquire all of the equity interests in World Labs Technologies, Inc. for a total purchase price of approximately $8.2 billion to be paid in shares of the Company's common stock to stockholders of World Labs, subject to customary adjustments . The filing adds that the number of shares to be issued is not known at this time and will be calculated based on the daily volume-weighted average price of a share .

AMD's own press release, dated September 28, 2026, announces that it has entered into a definitive agreement to acquire World Labs, an AI model and research lab led by AI pioneer Dr. Fei-Fei Li . The decisive sentences on structure and timing: "The all-stock transaction is valued at approximately $8.2 billion and is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions." On Li's role: "Following the close of the transaction, the World Labs team will continue to focus on advancing AI model research, and Dr. Fei-Fei Li will join AMD as executive vice president and chief scientist, reporting to Dr. Lisa Su."

On the Nvidia connection, Bloomberg reported in February 2026 that World Labs raised $1 billion, with Autodesk investing $200 million as part of the round and other backers including Andreessen Horowitz, Nvidia Corp. and Advanced Micro Devices Inc. Independent trade coverage states that both AMD and Nvidia took part in World Labs' $1 billion funding round announced Feb. 18, 2026, and the proposed acquisition would turn AMD from one of several investors into the lab's owner .

On the deal's historical ranking, CNBC-sourced reporting states that at roughly $8.2 billion the deal ranks as AMD's second biggest acquisition ever, surpassed only by its approximately $50 billion purchase of Xilinx in 2022 .