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AMD acqui-hires the employees behind Untether AI | TechCrunch
TechCrunch
·
2m ago
Medial
AMD has acqui-hired the team behind Untether AI, a startup known for developing energy-efficient AI inference chips, although the deal terms weren't disclosed. Founded in 2018, Untether has raised over $150 million from investors like Intel Capital and Radical Ventures. Their AI chips target physical applications in diverse machines. This acqui-hire follows AMD's recent acquisition of AI software optimization platform Brium, as part of its ongoing expansion into AI technologies.
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Startups Weekly: It’s buying season | TechCrunch
TechCrunch
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2m ago
Medial
Recent startup acquisitions include IBM acquiring AI platform Seek AI, Collibra acquiring Raito for data governance, and AMD acquiring AI software optimization firm Brium. Notable VC activities saw Anduril raising $2.5 billion in Series G funding and Neuralink securing $650 million in Series E. Meanwhile, Airtime laid off employees, and KiranaPro faced a data hack. Globally, North American AI startups led venture capital investments, significantly outpacing Europe and Asia in deal values.
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Intel to lay off more than 5,500 employees in US in latest round of job cuts - The Economic Times
Economic Times
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22d ago
Medial
Intel plans to lay off over 5,500 employees in the US, significantly affecting its California and Oregon workforce. The job cuts aim to streamline operations as the company falls behind competitors like Nvidia and AMD in the CPU and AI GPU markets. New CEO Lip-Bu Tan acknowledges Intel's declining market position, emphasizing the need for agility and competitive alignment with industry leaders. Intel's valuation has decreased, reflecting its current struggles.
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AMD takes aim at Nvidia's AI hardware dominance with Brium acquisition | TechCrunch
TechCrunch
·
2m ago
Medial
AMD has announced its acquisition of AI software optimization startup Brium, aiming to challenge Nvidia's dominance in AI hardware. Brium specializes in adapting AI software to function across various hardware systems, potentially enabling AMD to overcome current challenges where AI software is primarily tuned for Nvidia's chips. This acquisition, AMD's fourth strategic move in two years, aligns with its ambition to foster an open AI software ecosystem and enhance hardware flexibility for developers.
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NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions | TechCrunch
TechCrunch
·
2m ago
Medial
NVIDIA and AMD plan to sell new AI GPUs in China to align with U.S. export restrictions on advanced semiconductor technology. NVIDIA will offer a "B20" GPU, while AMD introduces the Radeon AI PRO R9700 for AI workloads. These sales are set to begin in July. NVIDIA also anticipates an $8 billion revenue impact in Q2 due to licensing constraints affecting its H20 chip sales in China, following a $4.5 billion hit in Q1.
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Krutrim To Launch AI Chips By 2026, Expands Cloud Services
Inc42
·
11m ago
Medial
Krutrim is a startup aiming to launch its first chip by 2026. The company has partnerships with Arm and Untether AI to develop CPU and AI chips and systems. In addition, Krutrim Cloud plans to provide around 50 new services like virtual machines, cloud storage, security measures, and observability features for data monitoring.
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AMD to cut 4% of global workforce as it focuses on AI chip development
Economic Times
·
8m ago
Medial
Advanced Micro Devices (AMD) plans to lay off approximately 1,000 employees, roughly 4% of its global workforce, as it focuses on developing artificial intelligence (AI) chips to compete against Nvidia. The company aims to capture a share of the lucrative market for chips used in data centers for generative AI technology. AMD's data center segment, which includes its AI graphics processors, experienced significant revenue growth in the September quarter, while sales in its gaming unit slumped. Analysts expect the data center unit to grow significantly in 2024. AMD is heavily investing in AI chip development but faces challenges with manufacturing capacity.
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Intel rises on recovery hopes as it forecasts revenue above estimates
Livemint
·
9m ago
Medial
Intel expressed optimism about the future of its PC and server businesses, forecasting current-quarter revenue above estimates. However, the company also acknowledged that it had "a lot of work to do." Intel's shares jumped over 7% in extended trading. The chipmaker has lagged behind Nvidia and AMD in the booming market for advanced AI chips for data centers. The company reported Q3 revenue above analysts' estimates but posted a significant net loss due to impairment and restructuring charges. Intel's share of the PC and server CPU market is consistently threatened by AMD, which now boasts a larger market valuation.
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The (Mona) Lisa Effect: AMD's transformation since CEO Su's takeover
Economic Times
·
7m ago
Medial
In the world of semiconductor chip-making, Intel has long been dominant, consistently outperforming its rival AMD. However, in recent years, AMD, under the leadership of CEO Lisa Su, has made a remarkable comeback. Su's strategic decision to focus on core strengths and long-term road maps has paid off, propelling AMD's stock price and market share. AMD's success can also be attributed to its engineering risks and innovation in chip architecture. While AMD still trails behind market leader Nvidia in the GPU market, Su's leadership has significantly revitalized the company.
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Startups Weekly: AMD acquisition and other moves to scale AI startups | TechCrunch
TechCrunch
·
2m ago
Medial
This week's Startups Weekly highlights significant developments in the startup world, particularly in AI and acquisitions. AMD acquired Enosemi to enhance silicon photonics for AI, while Netflix co-founder Reed Hastings joined AI startup Anthropic's board. Life360 updated Tile functionalities years after acquisition. Key funding updates include Neuralink's $600 million raise and Buildots securing $45 million in Series D funding for construction tech. Other notable investments span AI, energy optimization, and nuclear fission startups, signaling diverse growth in tech ventures.
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AMD Sells ZT Systems' Server-Manufacturing Business to Sanmina for Up to $3 Billion in Strategic Partnership | DeepNewz Business
Business Bytes
·
2m ago
Medial
AMD has sold its ZT Systems' server manufacturing business to Sanmina for up to $3 billion. However, AMD will retain ZT Systems’ AI systems design business. Following the acquisition, AMD plans to collaborate with Sanmina, focusing on their U.S.-based new product introduction (NPI). This strategic move allows AMD to continue its influence in AI systems design while offloading the manufacturing segment to Sanmina, which will handle the data center infrastructure.
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