News AMD scoops entire Untether AI chip team — Canada AI inference outfit will cease product support

[Admin]

AMD hires Untether AI's entire engineering team, shuttering the company's operations.

AMD scoops entire Untether AI chip team — Canada AI inference outfit will cease product support : Read more

 

[arfie]

A new hostile take-over strategy... from the industry that brought you outsourcing and H1-B Visa abuse.. now with zero government regulatory review since it is not technically a merger. These engineers will no doubt work remotely from Canada too, avoiding any immigration issues. Too bad for the non-engineering staff at the company,

 

[bit_user]

A new hostile take-over strategy...

It wouldn't be a hostile takeover, if the company is privately held. I think there's a good bet that AMD paid the owners/investors a decent sum, in order to hire away their engineering team. Most likely, the company is not hitting their financial milestones and would probably have to close their doors before long, or else I doubt they'd have taken the offer.

Too bad for the non-engineering staff at the company,

Yeah, but such is life at a startup. If it's job security you want, that's not the sort of company you should be working for. It's more of a high risk, high reward sort of gig.