AMD announced a definitive agreement to acquire Silo AI, Europe’s largest private AI lab, for approximately $665 million in an all-cash transaction. This acquisition aligns with AMD’s strategy to deliver end-to-end AI solutions based on open standards, enhancing its partnership with the global AI ecosystem.
Silo AI’s team of AI scientists and engineers, known for developing customized AI models and solutions for various markets, will join the AMD Artificial Intelligence Group, led by CEO and co-founder Peter Sarlin.
This Research Note takes a look at the deal.
