TLDR:
Key Points:
- AMD has acquired Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million.
- The acquisition is aimed at infusing AMD with AI talent and accelerating the company’s AI software development efforts.
AMD has announced the acquisition of Silo AI, the largest private AI lab in Europe, in a deal valued at approximately $665 million. The primary goal of this acquisition is to enhance AMD’s AI skillset by bringing in a wealth of AI talent from Silo AI. This move comes as AMD has seen significant growth in its AI accelerators, with its Instinct MI300 family reaching $1 billion faster than any other product in the company’s history.
Silo AI, based in Helsinki, Finland, specializes in providing end-to-end AI-driven solutions for customers to integrate AI into their products, services, and operations across various markets. The acquisition of Silo AI will bring an additional 300 people to AMD, including 125 AI scientist PhDs with experience in training large language models (LLMs) on AMD platforms.
AMD’s senior vice president of the Artificial Intelligence Group, Vamsi Boppana, stated that the addition of Silo AI’s team will accelerate AMD’s AI strategy and the implementation of AI solutions for global customers. While growing AMD’s AI skillset is a key focus, Silo AI also brings pieces of the AI software stack that will help the company expand its software efforts and engage with customers in building advanced AI integrations.
This acquisition marks a strategic move for AMD to strengthen its position in the AI space and better serve the evolving needs of its customers. By integrating Silo AI’s expertise and resources, AMD aims to advance its AI capabilities and drive innovation in the AI market.