AMD takes next step in artificial intelligence: Acquisition of Finnish artificial intelligence company Silo AI at a stunning price
July 12, 2024
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As artificial intelligence continued to spread in every field, there were movements in this field from many tech giants. One of the largest hardware manufacturers in the world
As artificial intelligence continued to spread in every field, there were movements in this field from many tech giants. One of the largest hardware manufacturers in the world AMD was one of them.
Now AMD has taken a very important step with regard to artificial intelligence. American company, described as Europe’s largest private laboratory for artificial intelligence Silo AI announced that it had signed an agreement to purchase it.
The purchase price is $665 million!
According to the information received, the price of the agreement is $665 million That was stated. Silo AI, which provides artificial intelligence services in Europe and North America Based in Finland Let’s point out that it is a business.
It is possible to apply artificial intelligence models to the products and services of its customers. allowing for easy integration The company has an artificial intelligence team consisting of scientists and engineers. It is also reported that Silo AI has developed state-of-the-art, open source and multilingual large language models such as Poro and Viking, in addition to the SiloGen model platform on AMD platforms.
NVIDIA has recently seen incredible growth thanks to artificial intelligence, becoming one of the largest companies in the world. AMD has also taken steps to catch up in this regard. Over the past 12 months, the company has made many acquisitions, including companies like Mipsology and Nod.ai, and has expanded its AI efforts. Only time will tell how the Silo AI move will contribute.
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