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Home » News » AMD to Strengthen AI Capabilities with Acquisition of Nod.ai in Pursuit of Nvidia

AMD to Strengthen AI Capabilities with Acquisition of Nod.ai in Pursuit of Nvidia

Advanced Micro Devices (AMD) has announced its acquisition of Nod.ai, an artificial intelligence software startup, in a strategic move to enhance its software capabilities and compete with rival chipmaker Nvidia. This acquisition is part of AMD's broader strategy to develop a unified collection of software to support its advanced AI chips, aiming to close the gap with Nvidia, which has established a dominant position in the AI chip market through its software ecosystem.

francoise hardy by Françoise
Wednesday, 11 October 2023, 12:46 PM
in News
AMD and NODAI deal

Image Credit: Maginative

Advanced Micro Devices (AMD) has announced its acquisition of Nod.ai, an artificial intelligence software startup, in a strategic move to enhance its software capabilities and compete with rival chipmaker Nvidia. This acquisition is part of AMD’s broader strategy to develop a unified collection of software to support its advanced AI chips, aiming to close the…

In a strategic move aimed at closing the gap with rival chipmaker Nvidia, Advanced Micro Devices (AMD) has announced its intention to acquire Nod.ai, an artificial intelligence (AI) startup. The acquisition reflects AMD’s determination to fortify its software capabilities by pursuing more advanced AI chips. In this area, Nvidia has maintained a significant advantage through its software development and ecosystem.

AMD, headquartered in Santa Clara, California, plans to make substantial investments in software development to support its diverse range of chip offerings. “We are executing that strategy,” affirmed AMD’s President, Victor Peng, emphasizing their commitment to both internal investments and external acquisitions.

Today, AMD has entered a definitive agreement to acquire https://t.co/HluU8vhCKy. #TogetherWeAdvance #AI by strengthening our #opensource software ecosystem and accelerating deployments on AMD hardware. https://t.co/nRRs0nLddn

— AMD (@AMD) October 10, 2023
AMD has entered into a definitive agreement to acquire Nod.ai.

Nod.ai’s technology aligns seamlessly with AMD’s strategy. It empowers companies to effortlessly deploy AI models optimized for AMD’s chips, catering to large data center operators and customers. While the terms of the deal remain undisclosed, PitchBook data indicates that Nod.ai had previously secured approximately $36.5 million in funding.

OpenAI Explores Developing Its Own AI Chips to Address Shortage

Earlier this year, AMD established an AI group, which will incorporate the Nod.ai acquisition. This group currently comprises around 1,500 engineers, with a significant focus on software development. AMD intends to expand the team further, with plans to hire an additional 300 professionals in 2023 and more in 2024. “We have been growing rapidly, with plans for next year as well,” stated Vamsi Boppana, Senior Vice President of the Artificial Intelligence Group at AMD.

This acquisition marks AMD’s second in recent months, demonstrating its dedication to enhancing its portfolio and capabilities. When questioned about potential future acquisitions, Peng remarked, “We’re always looking.”

As AMD strengthens its software capabilities through acquisitions like Nod.ai, the company is determined to become a more formidable competitor in the AI chip market. By building a unified collection of software that complements its hardware offerings, AMD aims to challenge Nvidia’s long-standing dominance in the field. The acquisition of Nod.ai represents a significant step forward in achieving this goal, potentially bringing AMD closer to its rival in the evolving AI landscape.

In the ongoing race to lead the AI chip market, AMD’s strategic investments and acquisitions indicate a strong commitment to innovation and competition. As the industry continues to evolve, it remains to be seen how these developments will shape the future of AI technology and chip manufacturing.

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francoise hardy

Françoise

Francoise Hardy, A digital content creator and tech integration specialist with over 10 years of experience, is known for his deep knowledge in AI, ML, Data Science, Robotics, and Neural Networks. He began his career with a passion for emerging technologies, leading to innovative solutions and digital transformation in various businesses. Francoise's expertise extends to the ethical aspects of technology, advocating for responsible usage. Recognized by his peers, he is a sought-after speaker and writer in the tech industry. His commitment to advancing technology for societal benefit defines his career.

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