AMD Buys AI Startup Nod.ai to Bolster Software Offerings, Challenge Nvidia's Lead in AI Chips

AMD acquiring AI software startup Nod.ai to improve software capabilities and catch up to rival Nvidia.

Nvidia has advantage in AI chips due to software it makes and developer ecosystem.

AMD investing in unified software suite to power its chips through internal investment and acquisitions.

Nod.ai enables easier deployment of AI models tuned for AMD chips. Has raised $36.5 million.

AMD created new AI group with 1,500 engineers, plans 300 more hires this year. Acquired 2 startups recently and looking for more.