TLDR:
- AMD acquires Silo AI for $665 million to enhance its AI model and software development
- Captions, an AI video startup, raises $60 million to simplify video creation for non-experts
AMD has acquired Finnish AI startup Silo AI for $665 million, aiming to boost its AI offerings and compete with Nvidia in the AI hardware market. Silo AI is Europe’s largest private AI lab with notable clients like Allianz and Unilever. This move is part of AMD’s strategy to capture a larger share of the market, as it projects $4 billion in revenue this year. On the other hand, Captions, an AI video startup, raised $60 million to simplify video creation for non-experts. The platform offers tools for text-to-speech, script generation, and translations in 28 languages. The company’s growth has been significant, with over 10 million global creators using the app monthly.
Key Points:
AMD Buys Silo AI for $665 Million:
- Acquisition of Finnish AI startup Silo AI to enhance AMD’s AI model and software development.
- Silo AI is Europe’s largest private AI lab with clients like Allianz and Unilever.
- AMD aims to become a stronger competitor to Nvidia in the AI hardware market.
- Captions Raises $60 Million:
- Captions, an AI video startup, raises $60 million to simplify video creation for non-experts.
- The platform offers text-to-speech, script generation, and translations in 28 languages.
- Over 10 million global creators use Captions to produce 3 million videos monthly.