VentureBeat October 10, 2023
Advanced Micro Devices (AMD) announced today plans to acquire Nod.ai, a startup that specializes in optimizing AI software for high-performance hardware.
The purchase of Nod.ai, founded just three years ago, shows that AMD is serious about staking a claim in the rapidly growing AI chip market, which is expected to reach $383.7 billion by 2032, according to industry analysts. Financial terms of the acquisition were not disclosed.
The agreement underscores AMD’s growth strategy in the AI sector, which is centered on an open software ecosystem that simplifies the adoption process for customers through developer tools, libraries, and models. This acquisition adds another feather to AMD’s cap as it continues its expansion into the rapidly evolving AI industry.
Strategic acquisition in...
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