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Chipmaker AMD has announced plans to acquire open source machine learning and AI software provider Nod.ai in order to expand its AI capabilities and compete better against AI chip market leader Nvidia. Nod.ai specializes in AI and machine learning, providing open source software for futuristic AI systems, such as generative AI. The acquisition is expected to help AMD deploy AI-based offerings optimized for its products and create an open source software ecosystem that lowers the barriers to entry for enterprises. AMD’s main competition in the AI software segment is Nvidia’s CUDA software stack.
