AMD to acquire AI software startup in effort to catch Nvidia
© Reuters. FILE PHOTO: A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
AMD has vowed to invest in and build a unified collection of software to power the various chips the company makes. The acquisition of Nod.ai fits into the strategy because its technology enables companies to deploy AI models that are tuned for AMD's chips more easily. Nod.ai sells its technology to large data center operators, among other customers.
Earlier this year, AMD created the AI group that will house the Nod.ai acquisition, Peng said. The group employs about 1,500 engineers - the vast majority of software related - and AMD plans to continue to expand the team with 300 additional hires this year, and more in 2024.
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