{"id":35753,"date":"2023-10-14T11:16:01","date_gmt":"2023-10-14T11:16:01","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia"},"modified":"2023-10-14T11:34:00","modified_gmt":"2023-10-14T11:34:00","slug":"amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia","title":{"rendered":"AMD to acquire AI software startup in effort to catch Nvidia"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod. ai as part of an effort to bolster its software capabilities. In its race to catch rival chipmaker Nvidia (NVDA.<\/p>\n

O), Advanced Micro Devices (AMD. O) plans to invest heavily in the critical software necessary for the company\u2019s advanced AI chips. Through more than a decade of work, Nvidia has built a powerful advantage in the AI chip market through the software it makes, and the software developer ecosystem.<\/p>\n

AMD has vowed to invest in and build a unified collection of software to power the various chips the company makes. \u201cWe are executing to that strategy,\u201d AMD president Victor Peng said in an interview with Reuters.<\/p>\n

\u201cAnd doing it through internal investment as well as external acquisitions.<\/p>\n

\u201d The acquisition of Nod. ai fits into the strategy because its technology enables companies to deploy AI models that are tuned for AMD\u2019s chips more easily. Nod.<\/p>\n

ai sells its technology to large data center operators, among other customers. AMD did not disclose the terms of the deal. The Santa Clara, California-based Nod.<\/p>\n

ai has raised roughly $36.5 million, according to PitchBook data. Earlier this year, AMD created the AI group that will house the Nod. ai acquisition, Peng said.<\/p>\n

The group employs about 1,500 engineers \u2013 the vast majority of software related \u2013 and AMD plans to continue to expand the team with 300 additional hires this year, and more in 2024.<\/p>\n

\u201cWe have been growing rapidly, with plans for next year as well,\u201d Vamsi Boppana, senior vice president, Artificial Intelligence Group at AMD said.<\/p>\n

The Nod. ai acquisition is the company\u2019s second in the past few months, Peng said. When asked if the company planned to bolster its portfolio with additional acquisitions Peng said, \u201cWe\u2019re always looking.\u201d<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod. ai as part of an effort to bolster its software capabilities. In its race to catch rival chipmaker Nvidia (NVDA. O), Advanced Micro Devices (AMD. O) plans to invest heavily in the critical software necessary for the company\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":35752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,241,2568],"class_list":["post-35753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-mauritius","tag-nvda"],"yoast_head":"\nAMD to acquire AI software startup in effort to catch Nvidia - Mauritius<\/title>\n<meta name=\"description\" content=\"AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod. ai as part of an effort to bolster it ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMD to acquire AI software startup in effort to catch Nvidia\" \/>\n<meta property=\"og:description\" content=\"AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod. ai as part of an effort to bolster it ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-14T11:16:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-14T11:34:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/10\/sm_1697270540.559464.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"664\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AMD to acquire AI software startup in effort to catch Nvidia\",\"datePublished\":\"2023-10-14T11:16:01+00:00\",\"dateModified\":\"2023-10-14T11:34:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/10\/sm_1697270540.559464.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\",\"NVDA\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/amd-to-acquire-ai-software-startup-in-effort-to-catch-nvidia\",\"name\":\"AMD to acquire AI software startup in effort to catch Nvidia - 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