AMD to acquire Taalas for $2.9 billion

Advanced Micro Devices has disclosed in a securities filing that it will pay approximately $2.9 billion in cash and stock to acquire Toronto-based AI chip startup Taalas. Of the purchase amount, $1.4 billion is dependent on unspecified conditions, and the transaction remains subject to regulatory approval. Taalas was founded in 2023 to develop energy-efficient semiconductors tailored for specific AI systems such as Meta Platforms' Llama models. Open article →