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