Amd To Acquire Silo Ai To Expand Enterprise Ai Solutions Globally

By Author: Orson Amiri
Total Articles: 334
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AMD (NASDAQ: AMD) has announced its acquisition of Silo AI, Europe's largest private AI lab, in a cash transaction valued at approximately $665 million. This strategic move underscores AMD's commitment to expanding its AI capabilities and delivering comprehensive AI solutions based on open standards. Silo AI brings to AMD a renowned team of AI scientists and engineers with expertise in developing tailored AI models and platforms for cloud, embedded, and endpoint computing markets.

Led by CEO Peter Sarlin, Silo AI will integrate into AMD's Artificial Intelligence Group, enhancing AMD's ability to deploy AI solutions rapidly across global markets. This acquisition, expected to close in the second half of 2024, aims to accelerate AMD's AI strategy by leveraging Silo AI's track record in building advanced AI models like Poro and Viking on AMD platforms. This collaboration promises to empower enterprises across diverse sectors, including Allianz, Philips, Rolls-Royce, and Unilever, with innovative AI-driven solutions tailored to meet complex business challenges.

AMD's acquisition of Silo AI marks a significant milestone in its ongoing efforts to advance AI computing capabilities and support its partners with cutting-edge technologies that redefine industry standards.

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