Key Takeaways
- Superior Micro Units (AMD) stated it had acquired open-source synthetic intelligence (AI) software program startup Nod.AI for an undisclosed sum.
- The acquisition is geared toward enhancing AMD know-how together with its knowledge facilities and chips.
- Clients of AMD platforms will be capable to use open-source AI instruments from Nod.AI similar to machine studying fashions.
Chipmaker Superior Micro Units (AMD) Tuesday introduced the acquisition of synthetic intelligence (AI) software program startup Nod.AI, in an effort to spice up its open-source AI merchandise and programs.
Superior Micro Units bought the Santa Clara, California-based AI software program knowledgeable for an undisclosed sum. Nod.ai know-how will likely be utilized to the chipmaker’s merchandise for its Intuition data-center accelerators, Ryzen processors, and Radeon GPUs, AMD stated.
With the acquisition, AMD is trying to capitalize on the demand for generative AI applied sciences. Nod.ai’s instruments will give its clients developer instruments, libraries, and machine studying fashions, the corporate stated.
“The acquisition of Nod.ai is predicted to considerably improve our skill to offer AI clients with open software program that enables them to simply deploy extremely performant AI fashions tuned for AMD {hardware},” AMD Senior Vice President of AI, Vamsi Boppana, stated.
Nod.AI was based in 2013 and acquired backing from traders together with 8Square Capital, Atlantic Bridge, Pointguard Ventures, and Walden Worldwide. Nod.AI’s applied sciences have been utilized by enterprises and startups, and the AMD acquisition will enable its choices for use by a bigger, world consumer base.
AMD shares have been up 1.7% at 1:40 p.m. Japanese Time on Tuesday. The corporate’s third-quarter earnings are anticipated to be launched on Nov. 7.
