In an effort to improve its software skills, AMD said that it intends to acquire the artificial intelligence firm Nod.ai.

Advanced Micro Devices intends to make significant investments in the crucial software required for the company’s cutting-edge AI chips in its race to catch rival chipmaker Nvidia. Through its software and the community of software developers, Nvidia has developed a significant competitive edge in the market for AI chips over the course of more than a decade of work.

To power the numerous CPUs that the firm produces, AMD has committed to establish and invest in a uniform suite of software.

“We are executing to that strategy,” AMD president Victor Peng said in an interview.”And doing it through internal investment as well as external acquisitions.”

The purchase of Nod.ai fits into the plan because of how quickly businesses can utilise its technology to deploy AI models that are optimised for AMD’s processors. Among other clients, Nod.ai offers its technology to big data centre operators.

The deal’s conditions were kept a secret by AMD. According to information from PitchBook, the Santa Clara, California-based Nod.ai has raised about $36.5 million.

According to Peng, AMD established the AI group earlier this year, which will house the Nod.ai acquisition. About 1,500 engineers work for the division, the vast majority of them are involved in software, and AMD expects to keep growing the team by adding 300 new employees this year and more in 2024.

“We have been growing rapidly, with plans for next year as well,” Vamsi Boppana, senior vice president, Artificial Intelligence Group at AMD said.

According to Peng, this is the company’s second acquisition in recent months. When asked if the business intended to expand its purchases portfolio, Peng responded, “We’re always looking.”

(Adapted from TechTimes.com)