World Labs sold to Chaowei Semiconductor, putting an end to the rapid rise of this AI startup that has only been around for two years, and will also increase the wealth of co-founder Li Feifei by more than half. According to the Bloomberg Billionaires Index, the senior Stanford professor's net worth will rise to at least $1.6 billion after the deal is completed. World Labs, which focuses on spatial intelligence and physical intelligence, agreed on Monday to be acquired by the chipmaker at a valuation of $8.2 billion.

World Labs sold to Chaowei Semiconductor, putting an end to the rapid rise of this AI startup that has only been around for two years, and will also increase the wealth of co-founder Li Feifei by more than half. According to the Bloomberg Billionaires Index, the senior Stanford professor's net worth will rise to at least $1.6 billion after the deal is completed. World Labs, which focuses on spatial intelligence and physical intelligence, agreed on Monday to be acquired by the chipmaker at a valuation of $8.2 billion.