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AMD's Acquisition of Silo AI: Enhancing AI Capabilities in the ...
2024-07-10 20:09:16
Artificial Intelligence
Tech
Technology

AMD's Acquisition of Silo AI: Enhancing AI Capabilities in the Race Against Nvidia

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AMD's recent acquisition of Finnish startup Silo AI for $665 million marks a strategic move to bolster its AI chip capabilities and compete with industry leader Nvidia. The integration of Silo AI's team of over 300 AI experts will not only enhance AMD's AI models but also strengthen its software development capabilities.

The acquisition signifies AMD's commitment to advancing its AI strategy and offering tailored solutions for global customers. This move is part of a larger trend in the AI hardware market, where both AMD and Nvidia are racing to develop cutting-edge AI solutions and close the gap in AI technology.

Related news on that topic:

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Billionaire investors, including Israel Englander and Ken Griffin, are diverting their attention from Nvidia to Amazon, selling Nvidia shares to invest in the tech giant's AI initiatives. Amazon's development of generative AI applications for its cloud services is luring new clients and fueling growth in various sectors. Meanwhile, Nvidia is strategically backing several AI companies like SoundHound AI and Arm Holdings, albeit keeping focus on its core GPU business as competition intensifies. Additionally, the semiconductor industry is abuzz with companies like Nvidia, AMD, and Micron Technology capitalizing on the AI boom through specialized hardware and software offerings. Despite challenges, with Elon Musk's xAI opting out of Oracle's cloud services, the landscape of AI and chip markets continues to shift, emphasizing the importance of innovation and adaptability in the tech sector.

The press radar on this topic:

Yahoo Finance
10. Juli 2024 um 13:16

AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race

Technology
Economy
Finance
AMD is acquiring Finnish AI startup Silo AI for $665 million to enhance its AI chip capabilities and compete against industry leader Nvidia. The acquisition will help AMD improve the development and deployment of AMD-powered AI models and assist customers in building complex AI models with the company's chips. Silo AI will also strengthen AMD's software development capabilities, though the financial impact of the deal is not expected to be significant in the short term.
Yahoo Finance
10. Juli 2024 um 13:43

AMD to Buy European AI Lab Silo in Race Against Nvidia

Technology
Economy
Finance
AMD has agreed to acquire Silo AI, a European AI lab, for $665 million in cash. Silo AI is known for developing AI models and solutions, including state-of-the-art large language models, built on AMD platforms. The acquisition will help AMD accelerate its AI strategy and advance the implementation of AI solutions for its global customers, as it races to close the gap with industry leader Nvidia in the fast-growing AI hardware market.
Tech.eu
10. Juli 2024 um 14:55

AMD acquires Europe's largest private AI lab, Silo AI, in $665M deal

Technology
Economy
Finance
AMD announced the acquisition of Silo AI, Europe's largest private AI lab, in a $665 million deal. Silo AI specializes in end-to-end AI solutions and has created state-of-the-art open-source multilingual language models on AMD platforms. The acquisition will further accelerate AMD's AI strategy and the development of AI solutions for its global customers.
Yahoo Finance
10. Juli 2024 um 14:42

AMD Stock: Chipmaker To Buy Silo AI | Investor's Business Daily

Technology
Economy
Finance
AMD, the chipmaker, announced a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, for $665 million in an all-cash transaction. The acquisition will expand AMD's enterprise AI solutions globally and is part of the company's strategy to deliver end-to-end AI solutions based on open standards. Silo AI has developed AI models, platforms, and solutions for leading enterprises, and its CEO will continue to lead the team as part of the AMD Artificial Intelligence Group.
Webrazzi
10. Juli 2024 um 16:00

AMD übernimmt Silo AI für 665 Millionen Dollar

Technologie
Wirtschaft
Finanzen
AMD hat angekündigt, das finnische Künstliche-Intelligenz-Startup Silo AI für rund 665 Millionen Dollar in bar zu übernehmen. Mit dieser Übernahme will AMD seine KI-Chip-Fähigkeiten ausbauen und die Entwicklung und Bereitstellung von von AMD unterstützten KI-Modellen verbessern. Silo AI-CEO und Mitbegründer Peter Sarlin wird die Einheit als Teil der AMD-KI-Gruppe weiterleiten.
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