AMD acquires Fei-Fei Li’s World Labs for $8.2 billion

AMD agreed to acquire World Labs, the San Francisco-based AI model and research lab founded by Dr. Fei-Fei Li, in an all-stock transaction valued at approximately $8.2 billion, the company said Monday. The deal is expected to close by the end of 2026, subject to...

Fidelity: 769,000 savers have $1 million or more in their 401(k)

The first half of the year treated retirement savers well. The average 401(k) account balance with Fidelity Investments grew 10.5% in the second quarter from the end of March, a gain of 13.1% from a year earlier. Individual retirement account (IRA) balances jumped...