AMD has entered into an agreement to acquire Finnish startup Silo AI, the company announced Wednesday. Through the acquisition, the chipmaker wants to make it easier for companies to develop and run AI models on AMD hardware.
The acquisition includes $665 million, AMD confirmsThe acquisition is expected to close later this year, though it still needs to be approved by competition regulators. Following the acquisition, Silo AI CEO Peter Sarlin will continue to lead his 300-person team, but as part of AMD’s AI business group.
Silo AI is Europe’s largest private AI lab, AMD wrote on Wednesday. The acquisition is supposed to help the chipmaker develop and deploy AI models. It’s also supposed to help AMD customers run AI models on the company’s chips. Silo AI currently works with companies including Allianz, Philips, Rolls-Royce and Unilever.
AMD has been expanding its software team through acquisitions for some time. The chipmaker already acquired French AI startup Mipsology last year. The company also completed its acquisition of Nod.ai in October.
Maya Angelou is a contributor to The Cheraw Chronicle, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear reporting, useful information, and timely coverage of current events that matter to readers. Her work aims to provide balanced perspectives and accessible insights, helping audiences stay informed about developments in their communities and beyond through accurate, reader-focused storytelling.
More Stories
Auto Industry Warns of Motor Oil Shortages as Middle East Conflict Disrupts Supply Chains
YouTube Premium Price Increase Stands Apart in Crowded Streaming Market
U.S. Economy Showed Signs of Strain Even Before Iran Conflict, New Data Suggests