Advanced Micro Devices (AMD) locked its second AI software acquisition deal to compete against Nvidia’s AI prowess. The company acquired Nod.AI which develop AI solution to optimize compiler-based automation software for startups, enterprises, and hyperscalers. AMD aims to improve its open-source AI products and systems with the new acquisition.

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The technology from Nod.AI will benefit AMD’s products for its Intinct data-center accelerators, Ryzen processors, and Radeon GPUs. It will also reduce the optimizing time before deploying AI models on AMD processors. Further, “With the purchase, AMD is attempting to capitalize on the demand for generative AI technologies. Nod.ai’s tools will give its customers developer tools, libraries, and machine learning models,” the company said.

Following AMD CEO Lisa SU’s plan to enhance the company’s AI capabilities, AMD first acquired Mipsology and now Nod.AI. Further, AMD is scheduled to launch Instinct MI300 chips later this quarter.

“The 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,” AMD Senior Vice President of AI, Vamsi Boppana, said.

Following the new development, AMD shares ended in green with a 1.7% increase. However, the actual details about the company’s progress will be reflected in the Q3 2023 earnings report which is set for release today.

Nod.AI was founded in 2013 by Enush Elangovan, who is a former Google employee known for his contribution to developing an Arm-based Chromebook. The startup is backed by venture capital firms like Menlo Ventures, 8Square Capital, Atlantic Bridge, Pointguard Ventures, and Walden International. “By joining forces with AMD, we will bring this expertise to a broader range of customers on a global scale,” Elangovan said in a statement.

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