Fei-Fei Li's AI startup World Labs raises $1 billion in funding, with participation from NVIDIA, AMD, and others.

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World Labs, a startup founded by AI pioneer Fei-Fei Li, announced on Wednesday that it has raised $1 billion in a new round of financing to advance a new path in AI development.

In this round of financing, Autodesk Inc. invested $200 million in World Labs. In a blog post on Wednesday, World Labs said that other investors include Andreessen Horowitz, Nvidia, and AMD.

Media reports say World Labs is one of the AI development companies focused on so-called "world models," and such AI companies are currently becoming more and more numerous. World models aim to enable AI to understand the three-dimensional world and navigate and make decisions within it. The world model startup AMI Labs, founded by Yann LeCun, has likewise attracted strong investor interest.

At the end of last year, World Labs launched its first product, Marble. The company described Marble as a model that can generate three-dimensional worlds based on image or text prompts. With this new financing, World Labs is focusing on improving application capabilities in areas such as robotics and scientific discovery.

Fei-Fei Li's early research laid the foundation for much current AI innovation. She was involved in developing the academic project ImageNet. ImageNet is a database containing millions of images that has driven major advances in how computers recognize objects in images.

World Labs did not disclose its valuation after this round of financing. Media reports previously stated that the company had been in financing talks at a valuation of around $5 billion.

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