AMD acquires Silo AI, Europe's largest private AI lab, for $665 million, adding a team of experienced AI scientists and engineers to their Artificial Intelligence Group and emphasizing their commitment to providing top-performing AI solutions based on open standards and collaboration with the global AI community.
- Acquisition of the largest private AI lab in Europe
- Brings a team of experienced AI scientists and engineers
- Enhances AMD's position in the AI market and commitment to innovation
AMD, the semiconductor company, has recently completed its acquisition of Silo AI, the largest private AI lab in Europe. This significant move, valued at approximately $665 million, highlights AMD’s dedication to providing comprehensive AI solutions based on open standards and in collaboration with the global AI community.
Silo AI brings an exceptional team of AI scientists and engineers to AMD, who possess extensive experience in developing AI models, platforms, and solutions for important enterprise clients such as Allianz, Philips, Rolls-Royce, and Unilever. Their expertise spans various industries, and they have successfully created state-of-the-art open source multilingual Large Language Models (LLMs), including Poro and Viking, on AMD platforms. The talented Silo AI team will now join the AMD Artificial Intelligence Group (AIG), which is led by AMD Senior Vice President Vamsi Boppana.
Vamsi Boppana, AMD’s senior vice president of AIG, emphasized the company’s unwavering commitment to AI as its top strategic priority. He stated, “We continue to invest in both the talent and software capabilities to support our growing customer deployments and roadmaps.” Boppana further highlighted the impressive achievements of the Silo AI team, mentioning their state-of-the-art language models trained at scale on AMD Instinct accelerators. He expressed confidence that their expertise and software capabilities will greatly enhance the customer experience by delivering top-performing AI solutions on AMD platforms.
This acquisition not only strengthens AMD’s position in the AI market but also underscores its dedication to fostering innovation and collaboration within the AI ecosystem. By bringing together the talents of Silo AI and AMD, the company aims to deliver even more advanced and efficient AI solutions to its customers.
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Background Information
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.Latest Articles about AMD
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.Latest Articles about Philips
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