PANews reported on February 20th that World Labs, the startup founded by Fei-Fei Li, has raised $1 billion in a new funding round to pursue a novel approach to AI development. As part of this round, Autodesk Inc. invested $200 million in World Labs. World Labs stated that other backers include Andreessen Horowitz, Nvidia, and AMD. World Labs focuses on developing "World Models," aiming to enable AI to understand and make decisions about the three-dimensional physical world.