AMD Buys AI Startup Nod.AI to Boost Data Center and Chip Offerings Ahead of Q3 Earnings

AMD acquired AI software startup Nod.AI to enhance its open-source AI capabilities.

The acquisition will boost AMD's data center, chip, and platform offerings with Nod.AI's machine learning models and tools.

AMD aims to capitalize on demand for generative AI with Nod.AI's developer tools and libraries.

Nod.AI's offerings will now reach AMD's global client base, expanding their use.

The acquisition comes ahead of AMD's Q3 earnings on November 7th, with shares up 1.7% Tuesday.