AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race !
AMD Acquires Finnish AI Startup Silo AI for $665 Million
Advanced Micro Devices said on Wednesday it will acquire Finnish artificial intelligence startup Silo AI for about $665 million in cash as the company tries to enhance its AI chip capabilities to compete against industry leader Nvidia.
Acquiring Silo AI will help AMD improve the development and deployment of AMD-powered AI models and help potential customers build complex AI models with the company's chips, AMD said. Silo AI will also strengthen AMD's software development capabilities.
While the deal will not impact AMD's financial performance, it "unlocks a significant amount of business moving forward," AMD Senior Vice President of AI, Vamsi Boppana said in an interview.
AMD declined to discuss how much business the acquisition would generate over time.
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