AMD to acquire AI software startup as it seeks to catch up with Nvidia
Publishing timestamp: 2023-10-10 12:46:27
Summary
AMD is acquiring Nod.AI, an open-source artificial intelligence software startup specializing in reinforcement learning. The acquisition is part of AMD's AI growth strategy to compete with rival chipmaker Nvidia. Nod.AI builds open-source technologies for future AI systems and has a team of industry experts. The deal is expected to close this quarter.
Sentiment: NEUTRAL
Keywords: artificial intelligence, breaking news: technology, nvidia corp, advanced micro devices inc, technology, business news,