AMD Acquires Silo AI for $665 Million, Bolstering its AI Capabilities

AMD Acquires Silo AI for $665 Million, Bolstering its AI Capabilities

1 minute read
Updated 7 days ago

Strategic Expansion in AI

's acquisition of Finnish AI startup Silo AI for $665 million in cash aims to enhance its AI technology and compete with , especially in large language model (LLM) development.

This move marks AMD's strategy to quickly scale its AI business and foster customer engagement, leveraging Silo AI's expertise in building tailored AI models and platforms for enterprise clients.

Open-Source and Competitive Dynamics

Silo AI's commitment to open-source AI models, designed to enhance European digital sovereignty, contrasts with the proprietary models favored by big tech companies like and .

With AMD's previous investments and acquisitions, including Nod.ai, the company is strategically positioning itself in the AI market, aiming to challenge Nvidia's dominance, especially in hardware for large AI models.
This is a beta feature. We cannot guarantee the accuracy or quality of responses.