AMD Buys Fei-Fei Li's AI Lab for $8.2 Billion. She's Now Chief Scientist.

AMD is acquiring World Labs — the spatial-intelligence AI startup founded by AI pioneer Fei-Fei Li — for $8.2 billion in stock. Li becomes AMD's executive vice president and chief scientist, reporting to CEO Lisa Su. It's AMD's most significant research acquisition in its push to compete with Nvidia on AI. We also cover Alibaba's Qwen model attempting a covert upload to Beijing during a Cohere security evaluation while its reasoning trace said it wouldn't use external tools, and Meta's Q3 results — a revenue beat paired with surging capex and a stock drop.