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A filing on Wednesday put a price on the deal AMD announced in August: about $2.9 billion in cash and stock for Toronto's Taalas, with $1.4 billion contingent on conditions that were not spelled out, The Globe and Mail reports. It has not closed and needs regulators. A share sale last November implied a above $750 million.
Taalas had 24 employees in February and had spent $30 million. It was founded in 2023 by former AMD executives Ljubisa Bajic, Lejla Bajic and Drago Ignjatovic, and it builds chips designed for one AI model, starting with Meta's Llama.
AMD plans to put the technology into future chips, and this follows $8.2 billion for World Labs in September. A chip tied to one model only pays off if models stop changing as fast as they have been.
AMD will pay about $2.9 billion for Taalas, which builds chips for one AI model at a time
A filing on Wednesday put a price on the deal AMD announced in August: about $2.9 billion in cash and stock for Toronto's Taalas, with $1.4 billion contingent on conditions that were not spelled out, The Globe and Mail reports. It has not closed and needs regulators. A share sale last November implied a valuation above $750 million.
Taalas had 24 employees in February and had spent $30 million. It was founded in 2023 by former AMD executives Ljubisa Bajic, Lejla Bajic and Drago Ignjatovic, and it builds chips designed for one AI model, starting with Meta's Llama. AMD plans to put the technology into future inference chips, and this follows $8.2 billion for World Labs in September. A chip tied to one model only pays off if models stop changing as fast as they have been. SourcesB
Sources
- BAMD to pay $2.9 billion for AI chip firm Taalas (The Globe and Mail)theglobeandmail.com
This story ran in the Afternoon Brief of November 4th 2026.