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AMD to Enhance Software Development with Silo AI Acquisition

Daniel Kim Views  

Advanced Micro Devices (AMD) is competing its AI capabilities with industry leader NVIDIA.

AMD announced on the 10th that it will acquire Finnish startup Silo AI for $665 million in cash to improve the capabilities of its AI chips. Silo AI CEO Peter Sarlin will continue to lead the unit as part of the AMD Artificial Intelligence Group. The deal is expected to close in the second half of 2024.

Building and training large language models (LLM) is challenging even for large tech companies. Through Silo AI, AMD expects to improve the development and deployment of AMD-based AI models and help potential customers build complex AI models using the company’s chips.

Silo AI will also enhance AMD’s software development capabilities. AMD AI Senior Vice President Vamsi Boppana said, “This will unlock a significant amount of business moving forward.”

Silo AI specializes in end-to-end AI-driven solutions that help customers integrate technology into their products and services. It operates in Europe and North America, with customers including Philips, Rolls-Royce, and Unilever.

This acquisition is the most recent in a series of measures by AMD to expand its position in the AI field. Last year, AMD acquired AI software companies Mipsology and Nod.ai and has invested over $125 million in 12 AI companies. AMD’s stock price closed at $182.82, up 3.23%.

Daniel Kim
content@viewusglobal.com

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