AMD acquires AI startup Nod.ai 

Share post:

In a bid to catch up with rival Nvidia in the AI chip market, AMD has acquired AI software startup Nod.ai. The deal is part of AMD’s broader strategy to invest in software that will enable customers to more easily deploy AI models on its chips.

Nod.ai’s technology is used by large data center operators to deploy AI models that are tuned for AMD’s chips. The company’s software helps to optimize AI models for performance and efficiency, and it also provides a variety of tools for managing and deploying AI models.

AMD has not disclosed the terms of the deal, but Nod.ai has raised roughly $36.5 million in funding, according to PitchBook data.

The acquisition of Nod.ai is AMD’s second in the past few months. In August, AMD acquired Pensando Systems, a startup that develops data processing chips. The Pensando acquisition was seen as a way for AMD to expand its portfolio of data center chips.

The sources for this piece include an article in Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

FTC says Microsoft’s layoffs at Activision Blizzard may threaten merger approval

The FTC has expressed dissatisfaction with Microsoft's layoffs at Activision Blizzard, challenging the integrity of the Microsoft-Activision deal....

Delaware court voids Musks $56 billion dollar compensation

Tesla's stock experienced a notable downturn following a Delaware court's decision to void CEO Elon Musk's massive $56...

IT World Canada strikes partnership with Canadian Cybersecurity Network

Goal is to make it easier for infosec pros to access each organization

Microsoft overtakes Apple as world’s most valuable company

In a notable shift in the tech industry, Microsoft has recently overtaken Apple to become the world's most...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways