AMD to Acquire, Strengthening Position in the AI Chip Market

Advanced Micro Devices (AMD) announced today its plans to acquire, a startup specializing in optimizing AI software for high-performance hardware. This strategic move demonstrates AMD’s commitment to establishing a presence in the rapidly expanding AI chip market, which is projected to reach an astounding $383.7 billion by 2032, as reported by industry analysts. The financial details of the acquisition have not been disclosed.

AMD’s Growth Strategy in the AI Sector

The acquisition of aligns perfectly with AMD’s growth strategy in the AI sector, which centers around fostering an open software ecosystem to streamline the adoption process for customers. By providing developer tools, libraries, and models, AMD aims to simplify the deployment of AI technologies. This acquisition further solidifies AMD’s position as it expands its reach in the continually evolving AI industry.’s Contributions to Future AI Systems, established just three years ago, has developed advanced compiler-based techniques to enhance AI systems. They have created the SHARK Machine Learning Distribution, utilizing LLVM, MLIR, OpenXLA’s IREE, and’s tuning. This specialized software accelerates the deployment of AI models on various platforms powered by AMD architectures, including Instinct data center accelerators, Ryzen AI processors, EPYC processors, Versal SoCs, and Radeon GPUs.

“The acquisition of 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,”

– Vamsi Boppana, Senior Vice President, Artificial Intelligence Group at AMD.

By integrating’s technology into their offerings, AMD aims to empower AI customers with open software that maximizes performance on their hardware.

AMD has made substantial investments in AI technologies in recent years, including CDNA, XDNA, RDNA, and Zen architectures. These endeavors are aimed at competing with industry rivals such as Nvidia and Intel in the rapidly growing AI market. According to a comprehensive industry report, the global AI market is projected to exceed $594 billion by 2032.

In addition to the technology itself, AMD also aims to leverage the engineering talent from to enhance its open-source developer credibility. actively contributes to AI software repositories like SHARK and Torch-MLIR, which are widely used by researchers worldwide.

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