AMD Buys Silo AI For $665 Million, Captions Raises $60 Million, New AI Video Tools
What is the valuation of AI Video Startup Captions after recent funding?
AI Video Startup Captions has achieved a valuation of $500 million after raising $60 million in a Series C funding round, led by Index Ventures. This brings the company's total funding to $100 million.
What is the acquisition cost of Silo AI by AMD?
AMD is acquiring Finnish AI startup Silo AI for $665 million in cash. This acquisition aims to enhance AMD's AI model and software development, positioning it as a stronger competitor to Nvidia in the AI hardware market.
What is Silo AI's role in AMD's AI strategy?
Silo AI's role in AMD's AI strategy is to enhance its AI model and software development capabilities. The acquisition of Silo AI, Europe's largest private AI lab, will help AMD to deliver end-to-end AI solutions, including AI models, software, and hardware, for big customers36. This move positions AMD as a stronger competitor to Nvidia in the AI hardware market.