AMD is paying $8.2 billion in stock for Fei-Fei Li's World Labs — a ~40-person, two-year-old startup — to buy its way into spatial AI and take a swing at Nvidia.
Eli Lilly is paying up to $2.88 billion for Merida Biosciences, a 16-month-old startup whose lead autoimmune drug is still in Phase 1.
Bending Spoons is buying Airtable for $1.285 billion in all cash — about 89% below the productivity startup's $11.7B pandemic-era peak, and its first deal since going public.
SAP just closed its €1B+ acquisition of Prior Labs, an 18-month-old Freiburg lab building tabular foundation models — AI for spreadsheets and databases, not chatbots.
