{"id":789313,"date":"2023-10-10T12:11:23","date_gmt":"2023-10-10T16:11:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amd-to-acquire-open-source-ai-software-expert-nod-ai\/"},"modified":"2023-10-10T12:11:23","modified_gmt":"2023-10-10T16:11:23","slug":"amd-to-acquire-open-source-ai-software-expert-nod-ai","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amd-to-acquire-open-source-ai-software-expert-nod-ai\/","title":{"rendered":"AMD to Acquire Open-Source AI Software Expert Nod.ai"},"content":{"rendered":"

\n\u2014 Nod.ai to accelerate deployment of optimized AI solutions on AMD high-performance platforms and bolster AMD open-source software strategy \ua7f7
\n<\/h2>\n
\n

SANTA CLARA, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) — AMD<\/u><\/a> (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire Nod.ai to expand the company\u2019s open AI software capabilities. The addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct\u2122 data center accelerators, Ryzen\u2122 AI processors, EPYC\u2122 processors, Versal\u2122 SoCs and Radeon\u2122 GPUs to AMD. The agreement strongly aligns with the AMD AI growth strategy centered on an open software ecosystem that lowers the barriers of entry for customers through developer tools, libraries and models.<\/p>\n

\u201cThe acquisition of Nod.ai is expected to significantly enhance our ability to provide AI customers with open software that allows them to easily deploy highly performant AI models tuned for AMD hardware,\u201d said Vamsi Boppana, senior vice president, Artificial Intelligence Group at AMD.\u00a0\u201cThe addition of the talented Nod.ai team accelerates our ability to advance open-source compiler technology and enable portable, high-performance AI solutions across the AMD product portfolio. Nod.ai\u2019s technologies are already widely deployed in the cloud, at the edge and across a broad range of end point devices today.\u201d<\/p>\n

\u201cAt Nod.ai, we are a team of engineers focused on problem solving \u2014 quickly \u2013 and moving at pace in an industry of constant change to develop solutions for the next set of problems,\u201d said Anush Elangovan, co-founder and CEO, Nod.ai. \u201cOur journey as a company has cemented our role as the primary maintainer and major contributor to some of the world’s most important AI repositories, including SHARK, Torch-MLIR and OpenXLA\/IREE code generation technology. By joining forces with AMD, we will bring this expertise to a broader range of customers on a global scale.\u201d <\/p>\n

Nod.ai delivers optimized AI solutions to top hyperscalers, enterprises and startups. The compiler-based automation software capabilities of Nod.ai\u2019s SHARK software reduce the need for manual optimization and the time required to deploy highly performant AI models to run across a broad portfolio of data center, edge and client platforms powered by AMD CDNA\u2122, XDNA\u2122, RDNA\u2122 and \u201cZen\u201d architectures.<\/p>\n

\n About AMD<\/strong>
\n
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website<\/u><\/a>, blog<\/u><\/a>, LinkedIn<\/u><\/a> and Twitter<\/u><\/a> pages.<\/p>\n

\n Cautionary Statement
<\/strong>This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the expected benefits of AMD\u2019s proposed acquisition of Nod.ai, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation\u2019s dominance of the microprocessor market and its aggressive business practices; global economic uncertainty; cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; impact of the COVID-19 pandemic on AMD\u2019s business, financial condition and results of operations; competitive markets in which AMD\u2019s products are sold; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD\u2019s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyber-attacks; potential difficulties in upgrading and operating AMD\u2019s new enterprise resource planning system; uncertainties involving the ordering and shipment of AMD\u2019s products; AMD\u2019s reliance on third-party intellectual property to design and introduce new products in a timely manner; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD\u2019s products; AMD\u2019s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD\u2019s internal business processes and information systems; compatibility of AMD\u2019s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD\u2019s ability to effectively control sales of its products on the gray market; impact of government actions and regulations such as export administration regulations, tariffs and trade protection measures; AMD\u2019s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals-related provisions and other laws or regulations; impact of acquisitions, joint ventures and\/or investments on AMD\u2019s business and AMD\u2019s ability to integrate acquired businesses;\u00a0 impact of any impairment of the combined company\u2019s assets on the combined company\u2019s financial position and results of operation; restrictions imposed by agreements governing AMD\u2019s notes, the guarantees of Xilinx\u2019s notes and the revolving credit facility; AMD’s indebtedness; AMD’s ability to generate sufficient cash to meet its working capital requirements or generate sufficient revenue and operating cash flow to make all of its planned R&D or strategic investments; political, legal, economic risks and natural disasters; future impairments of goodwill and technology license purchases; AMD\u2019s ability to attract and retain qualified personnel; AMD\u2019s stock price volatility; and worldwide political conditions. Investors are urged to review in detail the risks and uncertainties in AMD\u2019s Securities and Exchange Commission filings, including but not limited to AMD\u2019s most recent reports on Forms 10-K and 10-Q.<\/p>\n

\n
\n
\n <\/strong>\n <\/p>\n

\n PR Contact:<\/strong>
\n
\n Brandi Martina<\/strong>
\n
AMD Communications
+1 512-705-1720
Brandi.Martina@amd.com<\/u><\/a><\/p>\n

\n Suresh Bhaskaran<\/strong>
\n
AMD Investor Relations
+1 408-749-2845
Suresh.Bhaskaran@amd.com<\/u><\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\u2014 Nod.ai to accelerate deployment of optimized AI solutions on AMD high-performance platforms and bolster AMD open-source software strategy \ua7f7 SANTA CLARA, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire Nod.ai to expand the company\u2019s open AI software capabilities. The addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct\u2122 data center accelerators, Ryzen\u2122 AI processors, EPYC\u2122 processors, Versal\u2122 SoCs and Radeon\u2122 GPUs to AMD. The agreement strongly aligns with the AMD AI growth strategy centered on an open software ecosystem that lowers the barriers of entry for customers through developer tools, … <\/p>\n

Continue reading “AMD to Acquire Open-Source AI Software Expert Nod.ai”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-789313","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAMD to Acquire Open-Source AI Software Expert Nod.ai - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amd-to-acquire-open-source-ai-software-expert-nod-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMD to Acquire Open-Source AI Software Expert Nod.ai - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u2014 Nod.ai to accelerate deployment of optimized AI solutions on AMD high-performance platforms and bolster AMD open-source software strategy \ua7f7 SANTA CLARA, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire Nod.ai to expand the company\u2019s open AI software capabilities. The addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct\u2122 data center accelerators, Ryzen\u2122 AI processors, EPYC\u2122 processors, Versal\u2122 SoCs and Radeon\u2122 GPUs to AMD. 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