AMD completes its $665 million acquisition of Silo AI

AMD continues its AI expansion with its acquisition of Silo AI

AMD have successfully completed its $665 million acquisition of Silo AI, what was a privately owned AI company. With this acquisition, AMD aims to enhance its AI capabilities and better compete with Nvidia, the current leader of the AI market.

Silo AI specialises in creating end-to-end AI solutions for its customers. The company is currently seen as Europe’s largest AI lab, with customers that include Allianz SE, Unilever Plc, and Rolls Royce. Thanks to this acquisition, AMD will be able to deliver everything that their AI customers need. Furthermore, it now means that Europe’s largest AI lab is pushing AMD hardware. Silo AI is now part of AMD’s Artificial Intelligence Group.

Below is what AMD had to say about the acquisition.

AMD today announced the completion of its acquisition of Silo AI, the largest private AI lab in Europe. The all-cash transaction valued at approximately $665 million furthers the company’s commitment to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem. Silo AI brings a team of world-class AI scientists and engineers to AMD experienced in developing cutting-edge AI models, platforms and solutions for large enterprise customers including Allianz, Philips, Rolls-Royce and Unilever. Their expertise spans diverse markets and they have created state-of-the-art open source multilingual Large Language Models (LLMs) including Poro and Viking on AMD platforms. The Silo AI team will join the AMD Artificial Intelligence Group (AIG), led by AMD Senior Vice President Vamsi Boppana.

“AI is our number one strategic priority, and we continue to invest in both the talent and software capabilities to support our growing customer deployments and roadmaps,” said Vamsi Boppana, AMD senior vice president, AIG. “The Silo AI team has developed state-of-the-art language models that have been trained at scale on AMD Instinct accelerators and they have broad experience developing and integrating AI models to solve critical problems for end customers. We expect their expertise and software capabilities will directly improve the experience for customers in delivering the best performing AI solutions on AMD platforms.”

This acquisition allows AMD to better deploy their AI optimises hardware and integrate AI into the workflows of their customers. This will help AMD to sell their AI hardware, and to find new customers within the AI market.

Last year, AMD acquired both Nod.ai and Mipsology, both of which have played a role within AMD’s AI strategy. The acquisition of Silo AI is AMD’s largest investment yet into the AI market. This showcases AMD’s commitment to the AI hardware software development. There’s more the the AI market than hardware alone. AMD knows that they need to deliver end-to-end solutions to succeed in this market. That’s what makes their acquisition of Silo AI an important one for both AMD and the broader AI market.

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