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Top related persons:
Boppana - 2 Dado Ruvic - 1 Victor Peng - 1 Nod.ai - 1 Peng - 1 Max A - 1 Lincoln - 1 Anush Elangovan - 1
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Santa Clara , California San Francisco
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AMD - 2 Nvidia - 2 REUTERS - 1 Devices - 1 Artificial Intelligence - 1 Thomson - 1 Micro Devices - 1 Nod - 1

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2 mentions found


☆ AMD to acquire AI software startup in effort to catch Nvidia
  + stars: | 2023-10-10 | by ( Max A. Cherney | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 10 (Reuters) - 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's 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. AMD has vowed to invest in and build a unified collection of software to power the various chips the company makes. Earlier this year, AMD created the AI group that will house the Nod.ai acquisition, Peng said.
Persons: Dado Ruvic, Victor Peng, Nod.ai, Peng, Boppana, Max A, Lincoln Organizations: REUTERS, AMD, Nvidia, Devices, Reuters, Artificial Intelligence, Thomson Locations: Santa Clara , California, San Francisco
☆ AMD to acquire AI software startup as it seeks to catch up with Nvidia
  + stars: | 2023-10-10 | by ( Hayden Field | ) www.cnbc.com   time to read: +2 min
Advanced Micro Devices announced Tuesday it will acquire Nod.AI, an open-source artificial intelligence software startup, to expand the chipmaker's AI software operations. Nod.AI, or Nod Labs, builds open-source technologies "for future AI systems," according to the startup, and it mainly specializes in reinforcement learning, a type of system that "learns" via trial and error. During the same period, AMD reported a revenue decline of 18% but still beat analysts' estimates for sales and profit. Prior to founding Nod in 2013, Anush Elangovan, the startup's CEO, was part of the first Chromebooks team at Google and a lead engineer at Cisco. AMD and Nod.AI did not respond to CNBC's request for comment.
Persons: Boppana, Anush Elangovan, Harsh Menon, Nod's, Kitty Hawk, Larry Page Organizations: Micro Devices, Nod, Nvidia, AMD, Nod.ai, Google, Cisco, Nod Labs, Bluetooth, Menlo Ventures, Sequoia Capital, Apple, Samsung
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