Super Semiconductor (AMD) has announced that it will acquire Europe's largest private AI lab Silo AI with a value of about $665 million and has signed a final agreement. AMD sees it as another important step in the company's strategy to provide end-to-end AI solutions based on open standards and building close partnerships with the global AI ecosystem.

According to the report, the Silo AI team consists of world-class AI scientists and engineers with extensive experience in developing tailored AI models, platforms and solutions for leading companies in the cloud, embedded and terminal computing market.

Silo AI Headquartered in Helsinki, Finland, operating in Europe and North America, focusing on end-to-end AI-driven solutions that help customers quickly and easily integrate AI into their products, services and operations. Their work involves different markets, and their clients include Allianz, Philips, Rolls-Royce, and Unilever. In addition to the SiloGen model platform, Silo AI has created the state-of-the-art open-source multilingual LLM on the AMD platform, such as Poro and Viking.

Following the acquisition, Silo AI CEO and co-founder Peter Sarlin will continue to lead the Silo AI team to report to AMD Senior Vice President Vamsi Boppana as part of the AMD AI Group. The acquisition is expected to close in the second half of 2024.

Vamsi Boppana, senior vice president of AMD AI Group, said: " In every industry, companies are looking for fast and effective ways to develop and deploy AI solutions to meet their unique business needs. Silo AI With a trusted team of AI experts and extensive experience in developing leading AI models and solutions, including advanced LLM built based on the AMD platform, this will further accelerate our AI strategy and drive the building and rapid implementation of AI solutions for our global customers.”

"Silo AI's mission is to build a flagship AI company. Today's announcement is a logical next step for our partnership with AMD to shape the future of AI computing, "said Peter Sarlin, CEO and co-founder of Silo AI." We have a long history of building successful AI products and delivering value to our customers. We look forward to becoming part of AMD to further expand our reach and develop enterprise solutions and AI models to address the complex challenges facing today's large-scale deployment of AI.”

It is worth mentioning that Silo AI is the latest in a series of acquisitions and corporate investments made by AMD to support its AI strategy. Over the past 12 months, AMD has invested more than $125 million in a dozen AI companies, and has also acquired Mipsology and Nod.ai to expand the AMD AI ecosystem, support partners, and enhance the leadership of AMD's computing platform.