Sophisticated Micro Products CEO Lisa Su.
Scott Mlyn | CNBC
Sophisticated Micro Devices introduced Tuesday it will obtain Nod.AI, an open up-source synthetic intelligence software startup, to increase the chipmaker’s AI application operations.
Nod.AI, or Nod Labs, builds open-source technologies “for future AI units,” in accordance to the startup, and it generally specializes in reinforcement discovering, a variety of procedure that “learns” by means of demo and error.
The acquisition is section of AMD’s “AI growth strategy” that it hopes will improved shore up its competitors from rival chipmaker Nvidia, which noticed its revenue spike extra than 100% 12 months more than calendar year for the quarter ending July 30, 2023. Through the very same period of time, AMD reported a revenue drop of 18% but even now beat analysts’ estimates for revenue and financial gain.
“The acquisition of Nod.ai is anticipated to significantly enrich our capacity to offer AI customers with open up application that allows them to conveniently deploy very performant AI versions tuned for AMD components,” Vamsi Boppana, senior vice president of AMD’s AI team, stated in a launch.
Prior to founding Nod in 2013, Anush Elangovan, the startup’s CEO, was component of the first Chromebooks crew at Google and a direct engineer at Cisco. Harsh Menon, Nod’s co-founder and chief know-how officer, previously worked at Kitty Hawk, the electric powered aircraft company backed by Google co-founder Larry Web site, which shut down in 2022.
Nod Labs was to begin with billed as an AI components organization concentrating on gesture recognition and movement-tracking wearables, this kind of as Bluetooth-linked rings for use in gaming — imagine: Making a true-lifestyle hand gesture working with your thumb and forefinger to shoot a gun in a virtual actuality recreation. The startup lifted millions in funding from undertaking money companies this sort of as Menlo Ventures and Sequoia Cash, and group customers reportedly hailed from Apple, Google, Samsung and much more.
AMD and Nod.AI did not react to CNBC’s request for remark.