TechTaffy

tech:

taffy

AMD to acquire Nod.ai

By TechTaffy Desk

AMD has signed a definitive agreement to acquire Nod.ai, a Santa Clara, Calif.-based  company that provides open source compiler-based automation software for optimizing AI models. Financial terms of the deal were not disclosed.

Nod.ai’s technology is already deployed in various platforms such as the cloud, edge computing, and endpoint devices, says AMD. The software interacts with AMD architectures like CDNA, XDNA, RDNA, and  Zen.

The acquisition of Nod.ai is expected to bolster AMD’s capabilities in providing open software to AI customers. The addition of Nod.ai will also accelerate AMD’s efforts in advancing open-source compiler technology, according to the company.

[Image courtesy: Nod.ai]

 

 

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.