AMD has finalized its acquisition of Silo AI, Europe's largest private AI lab, in an all-cash deal valued at approximately $665 million. This acquisition underscores AMD's commitment to expanding its AI solutions portfolio and strengthening its partnerships within the global AI ecosystem. The deal was first announced in July 2024.
Silo AI's team, known for developing cutting-edge AI models and platforms for major enterprises like Allianz, Philips, Rolls-Royce, and Unilever, will join AMD's Artificial Intelligence Group (AIG). This move is expected to bolster AMD's capabilities in delivering high-performance AI solutions across diverse markets.
- AMD acquires Silo AI for $665 million, furthering its AI expansion strategy.
- Silo AI specializes in developing AI models and platforms for large enterprises.
- The acquisition enhances AMD's capabilities in AI software and talent, particularly in open-source multilingual Large Language Models (LLMs).
"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.
