AMD Plans to Acquire AI Firm Silo AI in $665 Million Deal

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Summary:

  1. AMD announced plans to acquire Finnish AI company Silo AI for approximately $665 million, boosting its AI development and deployment capabilities.
  2. The acquisition aims to enhance AMD’s software development and help customers build complex AI models using AMD chips.
  3. Silo AI, which serves clients like Philips and Rolls-Royce, will be integrated into the AMD Artificial Intelligence Group, with the deal expected to close in the second half of 2024.

Read more on Reuters

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