AMD to acquire Silo AI for €613.7M
Summary
California-based AMD, a company building products that accelerate next-gen computing experiences, announced that it has signed a definitive agreement to acquire Helsinki’s Silo AI, a private AI lab, for nearly $665M (approximately €613.77M) in an all-cash deal. This acquisition aligns with AMD’s strategy to provide complete AI solutions based on open standards and global partnerships. Dr. Pekka Manninen, Director of Science and Technology at CSC-IT Center for Science, Finland, says, “Silo AI has been a pioneer in scaling large language model training on LUMI, Europe’s fastest supercomputer powered by over 12,000 AMD Instinct MI250X GPUs.” “Together with university collaborators, they have trained state-of-the-art open-source models for EU languages, such as the Nordic Poro and Viking models. AMD aims to create products that advance next-generation computing in data centers, artificial intelligence, PCs, gaming, and embedded systems. Billions of people, Fortune 500 companies, and scientific research institutions worldwide use AMD technology.
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