00:00It's Benzinga, bringing Wall Street to Main Street
00:02AMD is expanding beyond traditional chipmaking as it builds a broader AI ecosystem around
00:07processors, software, models, and systems, according to Benzinga. The chipmaker agreed
00:11to acquire World Labs for $8.2 billion in stock, adding spatial intelligence technology
00:17for robotics, autonomous systems, simulation, and other physical AI applications.
00:21CEO Lisa Su said access to frontier model research could help AMD anticipate future
00:27computing needs and build better integrated hardware, software, and systems. AMD's AI
00:32expansion has also included acquisitions of ZT Systems and Silo AI, along with a deal for
00:38specialized chip company Thales. The company has also expanded relationships with Meta,
00:42OpenAI, and Anthropic. AMD shares have gained almost 200% this year and briefly pushed the
00:48company above a $1 trillion market value. For all things money, visit Benzinga.com.
