AMD Expands Global Enterprise AI Solutions with Silo AI Acquisition

AMD, the semiconductor company, has just made a major move in the world of artificial intelligence (AI). They announced their acquisition of Silo AI, the largest private AI lab in Europe, in a deal worth a whopping $665 million. This acquisition aligns perfectly with AMD’s strategy to provide comprehensive AI solutions based on open standards and in collaboration with the global AI community.

Silo AI boasts an impressive team of AI scientists and engineers who have extensive experience in developing customized AI models, platforms, and solutions for top enterprises across various markets. With this acquisition, Silo AI CEO and co-founder Peter Sarlin will continue to lead the team as part of the AMD Artificial Intelligence Group, reporting to AMD senior vice president Vamsi Boppana. The deal is expected to be finalized in the second half of 2024.

The motivation behind this acquisition is clear – enterprises across all industries are seeking efficient ways to develop and implement AI solutions that cater to their specific needs. AMD recognizes the expertise and track record of Silo AI in developing AI models and solutions, including state-of-the-art Language Learning Models (LLMs) built on AMD platforms. By bringing Silo AI into the fold, AMD aims to accelerate its AI strategy and facilitate the rapid adoption of AI solutions by its global customers.

Silo AI, headquartered in Helsinki, Finland, with operations in Europe and North America, specializes in end-to-end AI-driven solutions that enable customers to seamlessly integrate AI into their products, services, and operations. Their impressive clientele includes big names like Allianz, Philips, Rolls-Royce, and Unilever. In addition to their client work, Silo AI is also known for creating exceptional open-source multilingual LLMs like Poro and Viking on AMD platforms, alongside their SiloGen model platform.

Peter Sarlin, CEO and co-founder of Silo AI, expressed his excitement about joining forces with AMD, stating that this partnership is a significant step forward in shaping the future of AI computing. Silo AI has a strong track record of building successful AI products and delivering value to its customers, and joining AMD will allow them to scale their impact and develop enterprise solutions and AI models that tackle the most complex challenges associated with deploying AI at scale.

The acquisition has garnered support from other industry leaders as well. Nishant Batra, Chief Strategy and Technology Officer (CSTO) at Nokia, expressed enthusiasm about the combination of AI technologies and innovative compute solutions from AMD, highlighting the enhanced capabilities it will bring.

This move by AMD is part of a larger strategy to bolster its AI efforts through acquisitions and investments. In the past year alone, AMD has invested over $125 million in twelve AI companies. They have also acquired Mipsology and Nod.ai to expand their AI ecosystem, support partners, and advance their computing platforms.

Silo AI’s collaboration with LUMI, Europe’s fastest supercomputer powered by over 12,000 AMD Instinct MI250X GPUs, has been particularly noteworthy. Dr. Pekka Manninen, Director of Science and Technology at CSC-IT Center for Science, Finland, praised Silo AI for their pioneering work in scaling large language model training on LUMI. Together with university collaborators, Silo AI has trained state-of-the-art open-source models for European languages, such as the Nordic Poro and Viking models. They have also collaborated extensively in optimizing the software layer to enable efficient training of AI models on LUMI.

Mats Agervi, CEO of Combient, a partnership between Silo AI and various Nordic companies, including H&M, IKEA, Saab, KONE, and Ericsson, emphasized the significance of this acquisition. Agervi believes that it will unlock new opportunities for increased value creation in Europe and beyond.

With this acquisition, AMD is solidifying its position as a major player in the AI landscape. By leveraging Silo AI’s expertise and capabilities, AMD is well-positioned to deliver comprehensive AI solutions that meet the unique needs of enterprises across industries. The future of AI computing looks brighter than ever, and AMD is leading the charge.

Background Information

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About AMD:

AMD, a large player in the semiconductor industry is known for its powerful processors and graphic solutions, AMD has consistently pushed the boundaries of performance, efficiency, and user experience. With a customer-centric approach, the company has cultivated a reputation for delivering high-performance solutions that cater to the needs of gamers, professionals, and general users. AMD's Ryzen series of processors have redefined the landscape of desktop and laptop computing, offering impressive multi-core performance and competitive pricing that has challenged the dominance of its competitors. Complementing its processor expertise, AMD's Radeon graphics cards have also earned accolades for their efficiency and exceptional graphical capabilities, making them a favored choice among gamers and content creators. The company's commitment to innovation and technology continues to shape the client computing landscape, providing users with powerful tools to fuel their digital endeavors.

  

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About Philips:

Philips, a multinational conglomerate corporation, boasts a long and rich history dating back to 1891. Founded by brothers Gerard and Frederik Philips in Eindhoven, Netherlands, the company initially focused on light bulbs but has since diversified into a wide range of sectors, including healthcare, personal health, home appliances, and lighting. Today, Philips is a global leader in many of these areas, known for its innovative technologies and commitment to improving people's lives.

  

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