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AMD acquires open-source AI software pioneer to fortify AI capabilities

VentureBeat presents: AI Unleashed – An exclusive executive event for enterprise data leaders. Network and learn with industry peers. Learn More

Advanced Micro Devices (AMD) announced today plans to acquire, a startup that specializes in optimizing AI software for high-performance hardware.

The purchase of, founded just three years ago, shows that AMD is serious about staking a claim in the rapidly growing AI chip market, which is expected to reach $383.7 billion by…

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