Global chipmaker AMD is expanding into the world of AI with the acquisition of Silo AI, Europe's largest private AI lab.
The agreement between the two companies is valued at approximately $665 million and represents a significant moment for AMD in its drive to develop end-to-end solutions based on open standards.
The Silo AI team is comprised of world-leading AI scientists and engineers with extensive experience in developing customized AI models. Similarly, the company's platforms and solutions power leading enterprises across cloud, embedded and endpoint computing markets. The company's CEO and co-founder, Peter Sarlin, will continue to lead Silo AI as part of the AMD AI group, reporting to Vamsi Boppana, senior vice president at AMD.
The acquisition by AMD is expected to close in the second half of 2024.
Deploying AI at scale
Based in Helsinki, Finland, Silo AI promotes end-to-end AI solutions that help customers quickly and easily integrate AI into their products and operations, with operations across Europe and North America. The company currently produces open source multilingual LLMs on AMD platforms such as Poro and Viking, in addition to the SiloGen model platform.
The acquisition by AMD comes at a time when enterprises are looking for faster and more effective ways to develop and deploy AI solutions tailored to their specific business needs. As a leading European AI company, Silo AI is a great long-term partner for leading technology companies looking to enhance their AI capabilities.
“At Silo AI, our mission has been to build a flagship AI company from the beginning, and today's announcement is the next logical step in that pursuit as we join forces with AMD to shape the future of AI computing,” said Peter Sarlin, CEO and co-founder of Silo AI. “We have a proven track record of building successful AI products and delivering value to our customers.
“We look forward to joining AMD to further expand our impact and develop enterprise solutions and AI models that address today's most complex challenges in deploying AI at scale.”
With Silo AI, AMD aims to improve the development and deployment of AMD-powered AI models, enabling potential customers to build complex AI models using the company's chips.
