AMD Completes Silo AI Acquisition to Boost AI Development on [...]

AMD Completes Silo AI Acquisition to Boost AI Development on Its Hardware

📅 August 12, 2024 - AMD (NASDAQ: AMD) has officially completed its acquisition of Silo AI, Europe's largest private AI lab, in a deal valued at approximately $665 million. This strategic move would underscore AMDs commitment to advancing its position in the artificial intelligence (AI) space, particularly in developing and deploying AI models on its hardware platforms.

The acquisition is expected to bolster AMD's capabilities in providing comprehensive AI solutions, enhancing its partnerships within the global AI ecosystem.

Silo AI, renowned for its cutting-edge AI models and platforms, would bring a highly skilled team of AI scientists and engineers to AMD. The team has a strong track record of developing [...][... Check source for end of article ...]

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