Advanced Micro Devices plans to purchase Fei-Fei Li’s World Labs in an $8.2 billion all-stock transaction, marking another major venture-backed exit through mergers and acquisitions. The two-year-old AI startup joins a series of notable deals this year, including SpaceX’s purchase of Cursor, Nvidia’s purchase of Hugging Face and Stripe’s acquisition of OpenRouter. The sale was also described as another win for Martin Casado’s infrastructure team.