AMD said it will acquire Silo AI for $665 million in cash in a deal that advances the company's efforts to broaden its generative AI ecosystem.

Silo AI, the largest private AI lab in Europe, will give AMD a team of AI scientists and engineers, tailored AI models and the ability to build out an enterprise ecosystem. While Nvidia has cashed in on generative AI due to its GPUs, the company also has developed an extensive platform and ecosystem.

AMD has invested $125 million across a dozen AI companies in the last 12 months and acquired Mipsology and The spending spree is designed to bolster AMD as a full-stack AI player.

Peter Sarlin, CEO of Silo AI, will continue to lead the company, which will become a part of AMD Artificial Intelligence Group. The deal is expected to close in the second half of 2024. Vamsi Boppana, senior vice president of the Artificial Intelligence Group at AMD, said Silo AI will accelerate AMD's AI strategy.

Key facts about Silo AI include:

  • The company is based in Helsinki, Finland.
  • Customers include Allianz, Philips, Rolls-Royce and Unilever.
  • Silo AI has open-source multilingual LLMs including Poro and Viking.
  • The company is known for its SiloGen model platform and Silo OS.