AMD officially announced that it has completed the acquisition of Silo AI, which is the largest private AI laboratory in Europe.
The transaction value is about US $ 665 million, and the latest exchange rate is equivalent to RMB 4.77 billionIndore Stock. AMD all pays cash.
This is the largest private AI innovation company mergers and acquisitions in Europe since the acquisition of British DeepMind in British DeepMind in 2014.
Silo AI will join AMD AII (Artificial Intelligence Division), the leader is Vamsi Boppana, senior vice president of AMD.Lucknow Investment
AMD said the acquisition of Silo AI reflects the determination to provide end -to -end AI solutions based on the open standards and a good cooperative relationship with the global AI ecosystem.
Silo AI headquarters is located in Herbinky, Finland. Its business spreads throughout Europe and the United States. It has brought world -class AI scientists and engineers, cutting -edge AI models, platforms and solutions (especially open source large language models PORO, VIKING), as well as Andlian Life Insurance,Large enterprise -level customers such as Philips, Rolls -Royce, United Lieli.Guoabong Investment
In the past year, AMD has invested in more than a dozen AI companies with a total of more than 125 million US dollars. It also acquired MIPSOLOGY and NOD.AI.Bangalore Investment
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