AMD spent US$665 million to acquire Silo AI, Europe's largest private artificial intelligence laboratory. This move marks a major upgrade of AMD's strategic layout in the field of artificial intelligence. The editor of Downcodes will explain in detail the significance of this transaction and its impact on AMD's future development. This acquisition not only injects strong AI research and development capabilities into AMD, but also puts it in a more favorable position in the competition with Nvidia.
AMD has strengthened its position in the field of artificial intelligence by acquiring Silo AI, Europe's largest private artificial intelligence laboratory. The deal, worth $665 million, is an important move for AMD in the field of artificial intelligence.
Silo AI was founded in 2017 and is headquartered in Helsinki, Finland. They are a leading AI R&D company providing custom AI models, platforms and solutions to many industries, with a focus on cloud, embedded and endpoint computing.
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The all-cash deal represents a significant investment for AMD. The transaction is expected to close in the second half of 2024, subject to customary closing conditions and regulatory approvals. Upon completion of the transaction, Silo AI will become part of AMD's Artificial Intelligence Group.
Peter Sarlin, CEO and co-founder of Silo AI, will continue to lead the Silo AI team and report directly to Vamsi Boppana, senior vice president of AMD's Artificial Intelligence Group. This structure will preserve Silo AI's culture while leveraging AMD's global scale and resources.
Silo AI brings to AMD a team of more than 300 artificial intelligence experts in more than six countries with a history of creating custom artificial intelligence models and platforms for enterprise customers. One of Silo AI's most noteworthy achievements is the open source multilingual large-scale language models Poro and Viking developed on the AMD platform. These models demonstrate Silo AI’s ability to create artificial intelligence systems capable of processing and generating multilingual human text.
What does the deal mean for AMD? By bringing Silo AI's expertise in-house, AMD will be able to accelerate the development and deployment of artificial intelligence solutions for customers around the world. This will help bridge the gap with competitors in the artificial intelligence chip market. Silo AI's multilingual language models and custom AI solutions expand AMD's product portfolio and enable them to address more AI use cases. This is crucial for AMD to compete with Nvidia in artificial intelligence computing.
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All in all, AMD's acquisition of Silo AI is a key step in its strategic layout in the field of artificial intelligence. This move will significantly enhance its competitiveness in this field and bring unlimited possibilities for future development. The editor of Downcodes will continue to pay attention to AMD's developments in the field of artificial intelligence and bring you more exciting reports.