In a move to bolster its AI chip capabilities and compete with industry leader Nvidia, Advanced Micro Devices (AMD) has announced its acquisition of Finnish startup Silo AI for $665 million. The acquisition will allow AMD to improve the development and deployment of its AI models, while also strengthening its software development capabilities.
Building and training large language models is a difficult task, even for big tech companies. By acquiring Silo AI, AMD aims to enhance its ability to create complex AI models using its chips. This will not only benefit AMD, but also potential customers who are looking to integrate AI into their products and services. Silo AI specializes in providing end-to-end AI-driven solutions and has worked with notable companies such as Philips, Rolls-Royce, and Unilever.
Vamsi Boppana, AMD’s Senior Vice President of AI, expressed excitement about the acquisition, stating that it will unlock significant business opportunities for the company in the future. While financial details were not disclosed, AMD is optimistic about the potential growth and impact that Silo AI will bring.
Peter Sarlin, CEO and co-founder of Silo AI, will continue to lead the unit as part of the AMD Artificial Intelligence Group. This continuity will ensure a smooth transition and allow for the continued success of Silo AI’s operations.
This acquisition is part of AMD’s larger strategy to expand its presence in the AI landscape. In the past year, the company has acquired AI software firms Mipsology and Nod.ai, as well as invested over $125 million in various AI companies. These moves highlight AMD’s commitment to strengthening its position in the AI market and competing with industry giants like Nvidia.
With the deal expected to close in the second half of 2024, AMD is poised to further enhance its AI chip capabilities and solidify its position as a key player in the AI industry. As the demand for AI technology continues to grow, this acquisition positions AMD well to meet the needs of customers looking to integrate AI into their products and services.
In conclusion, AMD’s acquisition of Silo AI is a strategic move that will not only strengthen its AI chip capabilities but also expand its software development capabilities. With a focus on building and deploying complex AI models, AMD is positioning itself to compete with industry leader Nvidia and meet the increasing demand for AI technology.
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