{"id":50424,"date":"2024-07-10T18:57:02","date_gmt":"2024-07-10T15:57:02","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=50424"},"modified":"2026-03-28T06:07:46","modified_gmt":"2026-03-28T03:07:46","slug":"amd-to-acquire-silo-ai-to-expand-enterprise-ai-solutions-globally","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/amd-to-acquire-silo-ai-to-expand-enterprise-ai-solutions-globally\/","title":{"rendered":"AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\">\ua7f7<em> Europe\u2019s largest private AI lab to accelerate the development and deployment of AMD-powered AI models and software solutions <\/em>\ua7f7<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\ua7f7<em> Enhances open-source AI software capabilities for efficient training and inference on AMD<\/em> <em>compute platforms <\/em>\ua7f7<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SANTA CLARA, Calif., July 10, 2024 (GLOBE NEWSWIRE) &#8212; AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million. The deal represents another significant step in the company\u2019s strategy to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem. The Silo AI team consists of world-class AI scientists and engineers with extensive experience developing tailored AI models, platforms, and solutions for leading enterprises spanning cloud, embedded, and endpoint computing markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Silo AI CEO and co-founder Peter Sarlin will continue to lead the Silo AI team as part of the AMD Artificial Intelligence Group, reporting to AMD senior vice president Vamsi Boppana. The acquisition is expected to close in the second half of 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAcross every industry, enterprises are looking for fast and effective ways to develop and deploy AI solutions for their unique business needs,\u201d said Vamsi Boppana, senior vice president of the Artificial Intelligence Group at AMD. \u201cSilo AI\u2019s 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.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Based in Helsinki, Finland, with operations in Europe and North America, Silo AI specializes in end-to-end AI-driven solutions that help customers integrate AI quickly and easily into their products, services and operations. Their work spans diverse markets, with customers including 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAt Silo AI, our mission from the start has been to build an AI flagship company. Today&#8217;s announcement is a logical next step in that pursuit as we join forces with AMD to shape the future of AI computing,\u201d said Peter Sarlin, CEO and co-founder of Silo AI. \u201cWe 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 scale our impact further and develop enterprise solutions and AI models that address the most complex challenges of deploying AI at scale today.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs a leading European AI company, Silo AI has been a great long-term partner for us in many AI-related projects. We look forward to the enhanced capabilities of the combination of AI technologies and innovative computing solutions from AMD will bring,\u201d said Nishant Batra, Chief Strategy and Technology Officer (CSTO), Nokia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Silo AI marks the latest in a series of acquisitions and corporate investments to support the AMD AI strategy. AMD has invested over $125 million across a dozen AI companies in the last 12 months and also acquired Mipsology and Nod.ai to expand the AMD AI ecosystem, support partners, and advance leadership of AMD computing platforms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSilo AI has been a pioneer in scaling large language model training on LUMI, Europe\u2019s fastest supercomputer powered by over 12,000 AMD Instinct MI250X GPUs,\u201d said Dr. Pekka Manninen, Director of Science and Technology at CSC-IT Center for Science, Finland. \u201cTogether with university collaborators, they have trained state-of-the-art open-source models for EU languages, such as the Nordic Poro and Viking models. We have collaborated extensively with the team to optimize the software layer, allowing for efficient training of AI models on LUMI.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOne year ago, Combient partnered with Silo AI, a leading AI lab with 300 AI scientists and engineers. Together with Marcus Wallenberg, we initiated Combient in 2015 to accelerate digitalization and AI adoption for 38 of the largest Nordic companies, with a total turnover of \u20ac270 billion, such as H&amp;M, IKEA, Saab, KONE, and Ericsson,\u201d said Mats Agervi, CEO of Combient. \u201cToday\u2019s acquisition underscores the capabilities of Silo AI, opening up expanded opportunities for increased value creation in Europe and beyond.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ua7f7 Europe\u2019s largest private AI lab to accelerate the development and deployment of AMD-powered AI models and software solutions \ua7f7 \ua7f7 Enhances open-source AI software capabilities for efficient training and inference on AMD compute platforms \ua7f7 SANTA CLARA, Calif., July 10, 2024 (GLOBE NEWSWIRE) &#8212; AMD (NASDAQ: AMD) today announced the signing of a definitive [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":47211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":449,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[449],"tags":[],"class_list":["post-50424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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