AMD has announced the acquisition of Silo AI, Europe’s largest private AI lab, for a sum of $665 million. This strategic move positions AMD to strengthen its AI solutions and accelerate its development and deployment across various industries. This acquisition aligns with AMD’s broader strategy of fostering an open AI ecosystem. It follows AMD’s investments in over a dozen AI companies and acquisitions of Mipsology and Nod.ai.
Silo AI, renowned for its expertise in creating tailored AI models and platforms, will become part of AMD’s Artificial Intelligence Group. Their AI scientists and engineers will contribute to AMD’s goal of providing comprehensive AI solutions for cloud, embedded, and endpoint computing.
“At Silo AI, our mission from the start has been to build an AI flagship company. Today’s announcement is a logical next step in that pursuit as we join forces with AMD to shape the future of AI computing,” said Peter Sarlin, CEO and co-founder of Silo AI.
Specializes in developing AI-driven solutions that seamlessly integrate into businesses and renowned clients like Allianz, Philips, Rolls-Royce, and Unilever, Silo AI has a proven track record of delivering value. Additionally, their development of open-source multilingual large language models (LLMs) like Poro and Viking, built on AMD platforms, showcases their AI capabilities.
By combining AMD’s advanced computing platforms with Silo AI’s AI expertise, the partnership aims to address complex AI challenges and deliver innovative solutions to customers. The acquisition is expected to be finalized in the second half of 2024.
Silo AI CEO Peter Sarlin will continue to lead the Silo AI team as part of AMD’s Artificial Intelligence Group, reporting to AMD senior vice president Vamsi Boppana. This strategic move is expected to accelerate the development and adoption of AI solutions across various industries, solidifying AMD’s position in the competitive AI market.
