AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally
To offer enterprise AI, chipmaker AMD solidifies its efforts in the global AI ecosystem by acquiring a leading AI lab with 300 AI scientists and engineers. AMD announced the signing of a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million. The agreement represents another significant step in the company’s strategy to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem. The Silo AI team consists of world-class AI scientists and engineers with extensive experience developing tailored AI ... Read More