AMD Acquires Silo AI for $665 Million to Boost Global AI Solutions
👉 Key Highlights:
📍 AMD signs agreement to acquire Silo AI for $665 million in cash.
📍 Silo AI is Europe’s largest private AI lab, based in Helsinki, Finland.
📍 Acquisition enhances AMD's AI software capabilities and open-source AI initiatives.
📍 Silo AI specializes in AI-driven solutions for cloud, embedded, and endpoint markets.
📍 Silo AI CEO Peter Sarlin to lead the team under AMD's Artificial Intelligence Group.
📍 Acquisition expected to close in the second half of 2024.
📍 Silo AI's clients include Allianz, Philips, Rolls-Royce, and Unilever.
📍 Silo AI has developed state-of-the-art multilingual LLMs like Poro and Viking on AMD platforms.
📍 AMD signs agreement to acquire Silo AI for $665 million in cash.
📍 Silo AI is Europe’s largest private AI lab, based in Helsinki, Finland.
📍 Acquisition enhances AMD's AI software capabilities and open-source AI initiatives.
📍 Silo AI specializes in AI-driven solutions for cloud, embedded, and endpoint markets.
📍 Silo AI CEO Peter Sarlin to lead the team under AMD's Artificial Intelligence Group.
📍 Acquisition expected to close in the second half of 2024.
📍 Silo AI's clients include Allianz, Philips, Rolls-Royce, and Unilever.
📍 Silo AI has developed state-of-the-art multilingual LLMs like Poro and Viking on AMD platforms.
👉 Market Insights:
📍 The acquisition bolsters AMD’s AI strategy and positions it as a major player in AI computing.
📍 Complements AMD's recent investments in AI, including Mipsology and Nod.ai.
📍 The acquisition bolsters AMD’s AI strategy and positions it as a major player in AI computing.
📍 Complements AMD's recent investments in AI, including Mipsology and Nod.ai.
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Money Thrill : Sorry, Silo is not at all the greatest private company. Only 5000 employees as Imec Belgium. Not at all. Only 300 employees but a good company. During the day I will provide more information about the private university research institute Imec Belgium (i live 100 km from Univ, Leuven ) and also companies associated with it, including Nvidia, Asml ... etc![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Paul Anthony : Frist my lord and partner tq very much for your wonderful family together with this tq God bless All you Amen
Money Thrill : So, even with your feet on the ground for a moment , I have already read in the news that the European competition authorities still have to give their approval and that could well be a problem because of billions in subsidies from governments overall in Europe? I have doubts? But it can be but not sure now. Remember Nvidia and Arm?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")