AMD acquires Untether AI team
Summary
AMD acquired the team behind Untether AI to strengthen its AI compiler, kernel development, and chip design capabilities. The deal ends Untether AI’s speedAI product supply and support, including its imAIgine SDK. Untether AI had focused on efficient AI inference chips for edge and data center use cases. AMD is using this move to expand its AI computing stack and compete more aggressively with Nvidia.
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$25M to $50M