News Summary

AMD has expanded its acquisition spree by acqui-hiring the team from Untether AI, a Toronto-based startup specializing in AI inference chips. Untether AI, founded in 2018, has raised over $150 million in venture capital from prominent firms like Intel Capital and Radical Ventures. Known for its energy-efficient and high-speed AI chips, Untether AI had aimed to support physical AI applications in industries such as automotive and agriculture. This strategic move by AMD is part of its broader efforts to enhance its AI capabilities, following its recent acquisition of the AI software optimization platform Brium.