AMD buys Finnish startup Silo AI, aims to challenge Nvidia's dominance

AMD acquires Silo AI for $665 million to challenge Nvidia's AI market dominance.

: AMD has purchased the Finnish startup Silo AI for $665 million to enhance its AI capabilities and challenge Nvidia's lead in the AI chip market. Silo AI’s experience with large language models and the powerful LUMI supercomputer will bolster AMD's offerings. This acquisition is part of AMD's broader strategy, which includes other recent AI investments.

AMD has announced the acquisition of Silo AI, a Finnish startup, for $665 million. This purchase aims to strengthen AMD’s position in the AI chip market, currently dominated by Nvidia.

Silo AI, known for its expertise in large language models and the LUMI supercomputer, brings over 300 AI experts to AMD, including more than 125 AI scientists with doctorate degrees. This addition will significantly enhance AMD's AI development capabilities and software ecosystem.

The acquisition marks AMD's most substantial AI investment to date, surpassing its earlier tactical acquisitions. This move is part of AMD’s strategy to develop a competitive AI ecosystem and offer an alternative to Nvidia's dominant CUDA network.

AMDSilo AIAI market