AMD Bolsters AI Capabilities with Untether AI Team
AMD continues its strategic expansion in the artificial intelligence sector. The semiconductor giant has acqui-hired the team from Untether AI, a startup known for developing high-performance and energy-efficient AI inference chips. This move follows AMD's recent acquisition of AI software optimization platform, Brium.
Untether AI, founded in 2018 and based in Toronto, has raised over $150 million in venture capital funding. Investors include prominent firms such as Intel Capital, Radical Ventures, and Tracker Capital Management. The company focuses on creating AI chips designed for faster and more efficient inference than competitors.
In October, Untether AI launched an AI chip aimed at powering real-world AI applications in various devices, including automobiles and agricultural machinery.
The financial details of the acqui-hire remain undisclosed. This strategic acquisition reinforces AMD's commitment to advancing its AI hardware and software portfolio. It builds upon the company's earlier acquisition of Brium, an AI software optimization platform, announced just days prior.
This acquisition of Untether AI's team signifies AMD's growing focus on the rapidly evolving AI landscape. The company is positioning itself to compete more effectively in the burgeoning market for AI-powered solutions.
Source: Originally reported by CRN (CRN Article). Untether AI funding details from Crunchbase (Crunchbase). AMD's Brium acquisition reported by TechCrunch (TechCrunch Article).
