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Advanced Micro Devices locked its second AI software acquisition deal to compete against Nvidia’s AI prowess. The company acquired Nod.AI which develop AI solution to optimize compiler-based automation software for startups, enterprises, and hyperscalers. AMD aims to improve its open-source AI products and systems with the new acquisition.The technology from Nod.AI will benefit AMD’s products for its Intinct data-center accelerators, Ryzen processors, and Radeon GPUs.
Following AMD CEO Lisa SU’s plan to enhance the company’s AI capabilities, AMD first acquired Mipsology and now Nod.AI. Further, AMD is scheduled to launch Instinct MI300 chips later this quarter. Nod.AI was founded in 2013 by Enush Elangovan, who is a former Google employee known for his contribution to developing an Arm-based Chromebook. The startup is backed by venture capital firms like Menlo Ventures, 8Square Capital, Atlantic Bridge, Pointguard Ventures, and Walden International.
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