AMD To Acquire Silo AI To Accelerate The Company’s AI Ambitions
What company did AMD acquire?
AMD acquired Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million1. This acquisition aims to infuse AMD with a wealth of AI talent and enhance its AI software capabilities.
How much is the Silo AI acquisition worth?
The Silo AI acquisition is worth approximately $665 million in an all-cash transaction. This acquisition aims to expand AMD's enterprise artificial intelligence solutions globally and infuse the company with a wealth of AI talent.
What is Silo AI known for?
Silo AI is known for being the largest private AI lab in Europe, specializing in end-to-end AI-driven solutions. They help customers integrate AI quickly and easily into their products, services, and operations across diverse markets. Silo AI has worked with large models in Europe and has a team of 300 AI experts, including 125 AI scientists with PhDs.