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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 specialises in AI and machine learning, providing open source software for futuristic AI systems, such as generative AI. This acquisition aligns with AMD’s AI growth strategy centered on an open source software ecosystem that lowers the barriers to entry for enterprises. Nvidia’s CUDA software stack has been AMD’s main competition in the AI software segment, and has been adopted by many developers due to partnerships with cloud providers and systems vendors.
