AMD announces plan to acquire Silo AI, a Finland-based AI research-focused startup, for a whopping $665 million in cash. This deal is set to bolster AMD’s AI solutions, leveraging open standard foundations and enhancing AI development ecosystems.
Peter Sarlin, CEO of Silo AI, will continue to lead the team under AMD’s AI business group, alongside Vamsi Boppana, AMD’s EVP. Silo AI provides AI solutions to corporate clients in Europe and the United States, empowering them to integrate AI into their products and services. Clients include industry giants like Allianz, Philips, Rolls-Royce, and Unilever.
TLDR: AMD acquires Silo AI to strengthen AI solutions with a focus on research and development, expanding their capabilities in the global market.
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