2024-07-11 10:03:27.AIbase.10.2k
AMD Acquires Europe's Largest Private AI Lab, Silo AI, for $665 Million
In a strategic move to bolster its artificial intelligence capabilities, Advanced Micro Devices (AMD) has announced the acquisition of Silo AI, Europe's leading private AI research laboratory, in a deal worth $665 million. This acquisition underscores AMD's commitment to expanding its footprint in the AI sector and integrating cutting-edge research into its product offerings. Silo AI, renowned for its innovative work in machine learning and AI solutions, is expected to enhance AMD's R&D efforts and drive advancements in AI technology.
AMD has strengthened its position in the artificial intelligence (AI) field by acquiring Silo AI, Europe's largest private AI laboratory. This $6.65 billion acquisition is a significant move for AMD in the AI sector.
Silo AI was founded in 2017 and is headquartered in Helsinki, Finland. As a leading AI research and development company, they provide customized AI models, platforms, and solutions to various industries, with a focus on cloud computing, embedded, and endpoint computing.Image Source