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AIAMDBusinessTech

AMD acquires Europe’s largest private AI lab, Silo AI

Silo AI, the AI powerhouse behind Unilever and Rolls-Royce, is now part of AMD in a $665 million cash deal.

By
Shubham Sawarkar
Shubham Sawarkar's avatar
ByShubham Sawarkar
Editor-in-Chief
Shubham Sawarkar is a technology journalist at GadgetBond, covering Apple, AI, consumer technology, software, gadgets, and product launches. His work explores emerging technologies, industry developments, product...
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Jul 17, 2024, 7:55 AM EDT
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A image showing logo icon of AMD and Silo AI companies
Image: Silo AI
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AMD, the chipmaker known for battling Intel, just dropped $665 million to buy Silo AI, Europe’s biggest AI crew. This all-cash deal is a game changer for AMD, as they step up their game in the world of artificial intelligence (AI).

Think of Silo AI as the Willy Wonka of AI. Based in Finland, they’re the folks who cook up custom-made AI solutions for companies like Rolls Royce and Unilever. Their secret sauce? AI models and tools that businesses can easily use to, well, be more awesome.

This isn’t AMD’s first foray into the AI realm. They’ve been on a spending spree lately, investing over $125 million in different AI businesses. It’s all part of their plan to build a whole AI playground around their super-powered chips.

The deal is expected to close sometime later this year. Sarlin will stick around to lead Silo AI, which will now be part of AMD’s AI squad. This power couple is definitely shaking things up in the world of AI, and with Silo AI’s brains on board, AMD is set to deliver some seriously cool AI tools that help businesses leapfrog the competition.


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