AMD to acquire World Labs for $8.2 billion, targets physical AI

AMD announced an $8.2 billion acquisition of World Labs, a developer of spatially intelligent AI models, to advance its physical AI strategy. The deal supports AMD's open-ecosystem approach. Separately, Nvidia CEO Jensen Huang discussed AI agent security. Morgan Stanley highlighted AI's impact on life insurance and retirement markets. Bitcoin fell to $83,904. Vail Resorts faces activist pressure. Lightspeed Commerce faces growth challenges. Gulf stocks mostly lower.