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On June 6, 2025, Toronto-based artificial intelligence (AI) chipmaker Untether AI has ceased supplying and supporting its products and entered into “a strategic agreement” with Advanced Micro Devices (AMD).
Untether AI announced the AMD deal and its shutdown in a brief blog post that indicated its team would be joining the American semiconductor giant and Nvidia rival. The exact details and financial terms were not disclosed.
Osler, Hoskin & Harcourt LLP advised Untether AI with a team consisting of Gary Marshall and Mihnea Porime (Emerging and High Growth Companies).
Parties
Company
Advanced Micro Devices (AMD)
Company
Untether AI
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date