AMD to accelerate AI offerings with Finnish acquisition

AMD is strengthening its AI offerings with the US$665 million acquisition of Silo AI.

Headquarted in Helsinki, Finland, Silo AI specialises in end-to-end AI-driven solutions that help customers integrate AI quickly and easily into their products, services and operations. Its customers include Allianz, Philips, Rolls-Royce, and Unilever. Silo AI also creates state-of-the-art open source multilingual LLMs, such as Poro and Viking, on AMD platforms in addition to its SiloGen model platform. The Silo AI team consists of AI scientists and engineers with extensive experience developing tailored AI models, platforms and solutions for leading enterprises spanning cloud, embedded and endpoint computing markets.

“Silo AI’s team of trusted AI experts and proven experience developing leadership AI models and solutions, including state-of-the-art LLMs built on AMD platforms, will further accelerate our AI strategy and advance the build-out and rapid implementation of AI solutions for our global customers,” said Vamsi Boppana (top), Senior Vice President of the Artificial Intelligence Group at AMD.

“We have a well-established history of building successful AI products and delivering value to our customers. We look forward to becoming part of AMD to further scale our impact and develop enterprise solutions and AI models that address the most complex challenges with deploying AI at scale today,” said Peter Sarlin, CEO and Co-founder of Silo AI, who will continue to lead the Silo AI team as part of the AMD Artificial Intelligence Group and report to Boppana.

The acquisition is expected to close in the second half of 2024. The Silo AI deal follows AMD’s series of acquisitions of a dozen AI companies – including Mipsology and Nod.ai – over the last 12 months.