AMD Acqui-Hires Untether AI Team to Boost Inference Chip Development

AMD Continues Its Acquisition Spree with Untether AI Team Semiconductor giant AMD is extending its series of strategic acquisitions with the addition of the team behind Untether AI, a Toronto-based startup focused on developing cutting-edge AI inference chips. This move was first reported by CRN, though the specific terms of the deal have not been disclosed. Founded in 2018, Untether AI has garnered significant attention and investment, raising over $150 million in venture capital from prominent firms such as Intel Capital, Radical Ventures, and Tracker Capital Management. The company is known for its innovative approach to AI chip design, boasting that its products are both faster and more energy-efficient compared to those of its competitors. In October, Untether AI launched its latest chip, designed to enhance physical AI applications in various machines, including automobiles and agricultural equipment. This chip underscores the company's commitment to advancing AI technology in practical, real-world settings. This acquisition comes on the heels of another recent move by AMD, announced earlier this week, to acquire Brium, an AI software optimization platform. By integrating both the hardware expertise from Untether and the software capabilities from Brium, AMD aims to bolster its position in the rapidly evolving AI market. TechCrunch has reached out to AMD for additional details on the acquisition. While the financial specifics remain unknown, the strategic importance of these acquisitions is evident. AMD's continued focus on expanding its AI portfolio demonstrates its commitment to staying at the forefront of technological innovation. The addition of Untether AI’s team and technology to AMD’s roster is expected to enhance the company's ability to deliver more powerful and efficient AI solutions. This move could not only drive AMD's competitive edge but also accelerate the adoption of AI in industries where energy efficiency and performance are critical. As the AI landscape continues to expand, AMD's strategic acquisitions are positioning the company to capitalize on new opportunities and challenges. Stay tuned for further updates as more information becomes available.