AMD Acquires Europe's Largest Private AI Lab, Silo AI, for $665 Million In a strategic move to bolster its artificial intelligence capabilities, Advanced Micro Devices (AMD) has announced the acquisition of Silo AI, Europe's leading private AI research laboratory, in a deal worth $665 million. This acquisition underscores AMD's commitment to expanding its footprint in the AI sector and integrating cutting-edge research into its product offerings. Silo AI, renowned for its innovative work in machine learning and AI solutions, is expected to enhance AMD's R&D efforts and drive advancements in AI technology.

AMD has strengthened its position in the artificial intelligence (AI) field by acquiring Silo AI, Europe's largest private AI laboratory. This $6.65 billion acquisition is a significant move for AMD in the AI sector.

Silo AI was founded in 2017 and is headquartered in Helsinki, Finland. As a leading AI research and development company, they provide customized AI models, platforms, and solutions to various industries, with a focus on cloud computing, embedded, and endpoint computing.

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This all-cash transaction is a massive investment for AMD. It is expected to be completed in the second half of 2024, subject to customary closing conditions and regulatory approvals. Upon completion, Silo AI will become part of AMD's AI Group.

Peter Sarlin, CEO and co-founder of Silo AI, will continue to lead the Silo AI team and will report directly to Vamsi Boppana, Senior Vice President of AMD's AI Group. This structure will preserve Silo AI's culture while leveraging AMD's global scale and resources.

Silo AI brings over 300 AI experts from more than 6 countries to AMD, with a history of creating customized AI models and platforms for enterprise clients. One of Silo AI's notable achievements is the development of the open-source multilingual large language models Poro and Viking on the AMD platform. These models demonstrate Silo AI's ability to create AI systems capable of processing and generating multilingual human text.

What does this transaction mean for AMD? By internalizing the expertise of Silo AI, AMD will be able to accelerate the development and deployment of AI solutions for global clients. This will help bridge the gap with competitors in the AI chip market. Silo AI's multilingual language models and customized AI solutions expand AMD's product portfolio and enable them to address more AI use cases. This is crucial for AMD's competition in the AI computing field with Nvidia.

Key Points:

🌟 AMD strengthens AI capabilities through the acquisition of Silo AI

🌟 Silo AI's expertise and products add new elements to AMD's product mix

🌟 AMD maintains a leading position in the AI field through a series of investments and acquisitions