AMD has agreed to buy startup Nodai which develops artificial
Software

AMD has agreed to buy startup Nod.ai, which develops artificial intelligence software.

AMD is trying to compete with NVIDIA in the artificial intelligence segment, but the latter’s strength is to some extent due to the spread of the CUDA software ecosystem, while alternative AMD platforms have not gained widespread support despite their openness. AMD will look to strengthen its software focus by purchasing Californian startup Nod.ai.

    Image source: Nod.ai

Image source: Nod.ai

Founded in 2013, Nod.ai aims to develop affordable artificial intelligence solutions for a variety of computing platforms, from cloud systems to mobile phones. Accelerating generative artificial intelligence systems is also one of the startup’s priorities, and throughout its existence Nod.ai has collaborated with AMD more than once.

The financial side of the deal is not disclosed, but it is unlikely that Nod.ai employees will have to change their place of residence after the startup moves under AMD’s wing, as both companies’ headquarters are in Santa Clara. During its existence, Nod.ai was able to raise around $36.5 million for its development, AMD representatives explained in an interview ReutersThis year, the Artificial Intelligence Group was created within the company structure, which will also include Nod.ai.

Around 1,500 engineers are currently employed in this area; By the end of the year, their number is to be increased by a further 300 people by filling vacant positions; the process will continue in 2024. AMD intends to expand its software ecosystem both organically and through acquisitions. The purchase of Nod.ai will be the second such deal for AMD this year.

About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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