Forbes July 10, 2024
AMD just announced the acquisition of Silo AI, the largest private AI lab in Europe. The companies have signed a definitive agreement for AMD to acquire Silo AI in an all-cash transaction valued at approximately $665 million.
AMD has seen tremendous growth in the last year, with its Instinct MI300 family of AI accelerators ramping to approximately $1B fast than any other product in the company’s history. Although that growth is obviously a welcome development, AMD remains somewhat constrained in terms of its AI skillset within the company. This acquisition of Silo AI is primarily designed to infuse the AMD with a wealth of AI talent, to help the company better engage with existing and new customers moving forward, though...
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