Advanced Micro Devices Inc. has agreed to acquire World Labs Inc., the world model startup founded by AI researcher Fei-Fei Li. AMD is paying $8.2 billion, entirely in stock. The chipmaker expects the transaction to close by the end of the year.
The deal comes only seven months after AMD took part in a $1 billion funding round for World Labs that valued the startup at $5 billion. Nvidia Corp., AMD's main rival in AI chips, also joined that round. That means Nvidia now stands to earn a substantial return from a company its competitor is buying.
Anthropic's plan to go public now has numbers attached. Details from the company's confidential S-1 filing, the registration document a company submits to US securities regulators before an initial public offering, were reported late Monday by Reuters and the Financial Times. The filing was prepared in June. It describes a business whose revenue is rising very quickly, whose losses have also grown, and whose long-term computing commitments dwarf both.
Here is what the leaked document shows and why it matters beyond Anthropic.
Revenue: from hundreds of millions to billions per quarter
Anthropic, which is organized as a public benefit corporation (PBC), a US legal structure that obliges a company to weigh a stated public mission alongside profit, brought in $400 million in revenue in 2024. In 2025 that figure reached $4.6 billion.
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