AMD is committed to developing a unified suite of software to power its diverse range of chips, and this includes both internal investments and external acquisitions. Nod.ai’s acquisition aligns with this strategy, as its technology facilitates the deployment of AI models optimized for AMD’s chips, making it easier for large data center operators and other customers to utilize the technology.
While specific deal terms were not disclosed, Nod.ai, based in Santa Clara, California, had previously raised approximately $36.5 million. AMD established an AI group earlier this year to house the Nod.ai acquisition, which currently comprises around 1,500 engineers, with the majority specializing in software. The company plans to further expand this team by hiring an additional 300 engineers in the current year and more in 2024.
According to Vamsi Boppana, Senior Vice President of the Artificial Intelligence Group at AMD, the company has been experiencing rapid growth and has future expansion plans. When questioned about potential future acquisitions, AMD President Victor Peng stated, “We’re always looking.”
