AMD (AMD) Completes Acquisition of Silo AI

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Go back to AMD (AMD) Completes Acquisition of Silo AI

AMD Completes Acquisition of Silo AI to Accelerate Development and Deployment of AI Models on AMD Hardware

August 12, 2024 9:00 AM EDT

SANTA CLARA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced the completion of its acquisition of Silo AI, the largest private AI lab in Europe. The all-cash transaction valued at approximately $665 million furthers the companys commitment to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem.

Silo AI brings a team of world-class AI scientists and engineers to AMD experienced in developing cutting-edge AI models,... More