AMD has announced the acquisition of Silo AI, Europe’s largest private AI lab, in an all-cash deal worth approximately $665 million (¥48.3 billion RMB). The move underscores AMD’s ambitions in the rapidly growing artificial intelligence sector and signals its intent to more directly challenge NVIDIA’s dominance in AI hardware.
About Silo AI #
Headquartered in Helsinki, Finland, Silo AI operates across Europe and North America with a team of 300+ AI scientists and engineers. The company specializes in end-to-end AI-driven solutions, helping enterprises integrate AI into products, services, and operations.
Its client list includes major global corporations such as Allianz, Philips, Rolls-Royce, and Unilever.
Key assets from the acquisition include:
- SiloGen, the company’s flagship model platform.
- Advanced open-source large language models (LLMs) such as Poro and Viking, which already have strong ties to AMD’s ecosystem.
Strategic Significance #
AMD says the acquisition will:
- Enhance its AI software and model portfolio.
- Strengthen its end-to-end AI capabilities, spanning from hardware to model deployment.
- Position the company to better compete against NVIDIA, which currently dominates the AI accelerator market.
This deal follows AMD’s broader AI investment strategy:
- Over the past year, AMD has invested more than $125 million in over a dozen AI startups.
- Previous acquisitions include Mipsology and Nod.ai, both aimed at accelerating AMD’s AI software and optimization ecosystem.
The Silo AI acquisition is expected to close in the second half of 2024, after which the company will be integrated into the AMD AI Group. Peter Sarlin, Silo AI’s co-founder and CEO, will continue to lead the team.
Leadership Commentary #
Peter Sarlin, CEO of Silo AI, emphasized the alignment of vision:
“From the very beginning, our mission at Silo AI has been to build a flagship AI company. Today’s announcement marks the natural next step—joining forces with AMD to shape the future of AI computing.”
Outlook #
By bringing Silo AI into its fold, AMD not only expands its technical expertise and global AI talent pool, but also secures key model platforms and customer relationships. As competition in AI accelerates, this acquisition highlights AMD’s determination to compete head-to-head with NVIDIA and carve out a stronger role in the future of AI infrastructure.