Thursday, 11 July, 2024

AMD to Acquire Finnish Startup Silo AI for $665 Million to Boost AI Capabilities

AMD is set to acquire Finnish startup Silo AI for $665 million, marking a significant move to strengthen its position in the AI sector. This strategic acquisition aims to enhance AMD's AI capabilities, leveraging Silo AI's expertise to drive innovation and competitiveness in the rapidly evolving AI landscape. The deal underscores AMD's commitment to advancing its technological prowess in artificial intelligence.