AMD acqui-hires the employees behind Untether AI
In Brief
AMD is continuing its acquisition spree.
Semiconductor giant AMD acqui-hired the team behind Untether AI, a startup that develops AI inference chips, as originally reported by CRN. Untether claims that their chips are faster and more energy-efficient than their rivals. The terms of the deal weren't disclosed.
Toronto-based Untether was founded in 2018 and has raised more than $150 million in venture capital from firms including Intel Capital, Radical Ventures, and Tracker Capital Management, among others.
Untether released an AI chip in October meant to power physical AI applications in machines including cars and agricultural devices.
Earlier this week, AMD announced it had acquired AI software optimization platform Brium.
TechCrunch has reached out to AMD for more information.
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