AMD Acquires Silo AI for $665 Million in Cash, “AI is Our Top Strategic Priority”

Last month we reported following AMD’s announcement that it is acquiring the largest private AI lab in Europe, Silo AI. Today, AMD responded to the announcement to confirm that the “cash transaction valued at approximately $665 million” has now been completed, and that Silo AI scientists and engineers are now part of the AMD family.

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AMD acquires Silo AI for $665 million in an “all-cash deal.”

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$665 million in cash is not an amount to be trifled with, and for AMD, the acquisition is the latest step in a broader pivot by the company that is focused primarily on AI and AI-related technologies. This is nothing new; we’ve seen the same shift at other companies, like Google, Meta, Apple, and of course NVIDIA. But NVIDIA’s focus on AI began years ago.

“AI is our number one strategic priority,” said Vamsi Boppana, senior vice president, AMD, AIG. “We continue to invest in both talent and software capabilities to support our growing customer deployments and roadmap.”

“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 extensive experience developing and integrating AI models to solve critical end-customer problems,” adds Vamsi Boppana. “We expect their expertise and software capabilities to directly improve the customer experience in delivering the best AI solutions on AMD platforms.”

Silo AI customers include Allianz, Philips, Rolls-Royce and Unilever, and this agreement ensures that Silo AI will continue to leverage AMD AI chips and technology, as well as support AMD’s continued efforts to develop open-source software for generative AI training and applications.