Silo AI, a company that describes itself as being the largest private AI lab in all of Europe, employing over 300 AI experts and over 125 AI scientists with PhDs for work on various AI-driven products, including those in the fields of smart devices, autonomous vehicles, smart cities, and more, is now officially owned by AMD, according to a press release that red team shared today about how it paid $665 million for the company. The acquisition, which involved an all-cash transaction, goes toward AMD’s commitment to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem, the company said.
AMD writes:
- “Silo AI brings a team of world-class AI scientists and engineers to AMD experienced in developing cutting-edge AI models, platforms and solutions for large enterprise customers including Allianz, Philips, Rolls-Royce and Unilever.”
- “Their expertise spans diverse markets and they have created state-of-the-art open source multilingual Large Language Models (LLMs) including Poro and Viking on AMD platforms.”
- “The Silo AI team will join the AMD Artificial Intelligence Group (AIG), led by AMD Senior Vice President Vamsi Boppana.”
The original news from Silo AI:
As a next step on our journey, Silo AI is excited to announce that we’ve joined forces with @AMD. Silo AI and AMD have an aligned mission to create a global leader that will shape the future of computing. Please find below a link to the press release.https://t.co/WuGOGEzwUY pic.twitter.com/vKfezJnWjQ
— Silo AI (@silo_AI) July 10, 2024
A quote from Boppana:
AI is our number one strategic priority, and we continue to invest in both the talent and software capabilities to support our growing customer deployments and roadmaps. The Silo AI team has developed state-of-the-art language models that have been trained at scale on AMD Instinct accelerators and they have broad experience developing and integrating AI models to solve critical problems for end customers. We expect their expertise and software capabilities will directly improve the experience for customers in delivering the best performing AI solutions on AMD platforms.