After AMD's acquisition of World Labs, Li Feifei's net worth is projected to reach at least $1.6 billion.
38 minutes ago
Beating AI News (via Bloomberg): AMD’s acquisition of AI startup World Labs at an $8.2 billion valuation will push co-founder and CEO Li Feifei’s net worth to at least $1.6 billion upon deal closure, a rise of over 50% from her previous fortune. Li Feifei became a billionaire in February this year after World Labs secured a funding round that valued the startup at more than $5 billion. The Bloomberg Billionaires Index estimates she holds roughly 19% of World Labs’ shares. Founded in early 2024, World Labs specializes in spatial intelligence and physical intelligence, using AI to develop physical space simulations applicable to design and robotics. Post-acquisition, Li Feifei will serve as AMD’s Chief Scientist, and World Labs’ research team and models will gain access to AMD’s computing resources. After AMD’s acquisition of World Labs, Li Feifei’s net worth is projected to rise to at least $1.6 billion.
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