Robert Way
- AMD (NASDAQ:AMD) announced on Wednesday that it has acquired open source software company Brium in an effort to further its artificial intelligence prowess.
- “This acquisition strengthens our foundation for long-term innovation,” AMD said on its website. “It reflects our strategic commitment to AI, particularly to the developers who are building the future of intelligent applications. It is also the latest in a series of targeted investments, following the acquisitions of Silo AI, Nod.ai, and Mipsology, that together advance our ability to support the open-source software ecosystem and deliver optimized performance on AMD hardware.”
- Terms of the deal were not disclosed.
- AMD shares rose 1.4% in late afternoon trading.
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