He Sold His AI Company To AMD For $665 Million. Now He Wants To Supercharge AI Research In Europe

Forbes October 29, 2024
Iain Martin

Silo AI cofounder Peter Sarlin sold his Finnish startup to AMD in July. Now he’s donated $10 million to back a new generation of AI researchers in Europe.

Europe’s bid to compete with the United States and China to stay at the cutting edge of artificial research have got a boost from AI founder Peter Sarlin, and the Finnish government.

The Silo AI cofounder sold his startup to American chip giant AMD for $665 million in July and now has set up a foundation to fund up to 15 AI researchers across Europe. The initial grant from Sarlin’s Foundation PS was worth over $10 million and is linked with the Finnish government carving out a $10 million annual budget for...

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