Home / Business and Economy / AMD Fuels AI Future with $250M Nutanix Deal
AMD Fuels AI Future with $250M Nutanix Deal
26 Feb
Summary
- AMD will acquire $150 million in Nutanix stock.
- A new partnership includes joint engineering and sales efforts.
- AMD will also provide up to $100 million for joint initiatives.
Advanced Micro Devices Inc. has entered into a new partnership with Nutanix Inc., a deal valued at $250 million. As part of this agreement, AMD will invest $150 million in Nutanix stock. The partnership also includes joint engineering and sales efforts focused on developing and marketing an infrastructure platform designed to power artificial intelligence applications.
Further supporting these initiatives, AMD will provide Nutanix with up to $100 million. Nutanix, based in San Jose, California, specializes in software for managing corporate IT infrastructure, including cloud-based systems and data center servers. The company already collaborates with major semiconductor firms like Intel and Nvidia.
This strategic move by AMD follows recent significant partnerships, including a major deal with Meta Platforms Inc. to supply AI chips and a prior agreement with OpenAI. Nutanix, like many software companies, has faced market volatility recently amid concerns about AI's potential to disrupt existing software markets.
