AMD has signed a definitive agreement to acquire Silo AI for $665 million in cash. Silo AI specializes in the integration of AI capabilities into solutions used by businesses, and its takeover will help AMD to significantly boost its AI capabilities and deliver end-to-end AI solutions comprising AI models, software, and hardware, for big customers. The deal is anticipated to be finalized in the latter half of 2024.
Silo AI is renowned for its team of AI scientists and engineers who specialize in creating customized AI models and solutions, and their expertise spans various sectors, including cloud computing and embedded systems. The company has been instrumental in helping customers like Allianz, Philips, Rolls-Royce, and Unilever to quickly integrate AI solutions designed to meet the unique needs of each enterprise into their products and services that cover a wide array of markets. The company is also known for developing open-source multilingual large language models (LLMs) like Poro and Viking.
