AMD entered into a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at $665 million. The deal is expected to close in the second half of 2024.
The company said the agreement represents another significant step in its strategy to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem.
The Silo AI team consists of AI scientists and engineers with extensive experience developing tailored AI models, platforms and solutions for leading enterprises spanning cloud, embedded and endpoint computing markets.
Silo AI CEO and co-founder Peter Sarlin will continue to lead the Silo AI team as part of the AMD Artificial Intelligence Group, reporting to AMD SVP Vamsi Boppana.
“Across every industry, enterprises are looking for fast and effective ways to develop and deploy AI solutions for their unique business needs,” he
said. “Silo AI’s team of trusted AI experts and proven experience developing leadership AI models and solutions, including state-of-the-art LLMs built on AMD platforms, will further accelerate our AI strategy and advance the buildout and rapid implementation of AI solutions for our global customers,” he added.
Based in Helsinki, Finland, with operations in Europe and North America, Silo AI specialises in end-to-end AI-driven solutions that help customers integrate AI quickly and easily into their products, services and operations.
Their work spans diverse markets, with customers including Allianz, Philips, Rolls-Royce and Unilever.
Silo AI marks the latest in a series of acquisitions and corporate investments to support the AMD AI strategy.
AMD has invested over $125 million across a dozen AI companies in the last 12 months and also acquired Mipsology and Nod.ai to expand the AMD AI ecosystem, support partners and advance leadership AMD computing platforms.
