AMD Acquires Europe's Largest AI Laboratory, Silo AI: An Innovative Step Towards Integrated AI Solutions

Jakarta, INTI - AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire Silo AI, the largest private AI laboratory in Europe, in a cash transaction valued at approximately $665 million. This agreement marks another significant step in the company's strategy to deliver end-to-end AI solutions based on open standards and strong partnerships with the global AI ecosystem. The Silo AI team comprises world-class AI scientists and engineers with extensive experience in developing customized AI models, platforms, and solutions for leading companies across cloud, embedded, and endpoint computing markets.

Strengthening AMD’s Position in AI

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

“In every industry, companies are looking for quick and effective ways to develop and implement AI solutions for their unique business needs,” said Vamsi Boppana, Senior Vice President of the Artificial Intelligence Group at AMD. “Silo AI’s trusted team of AI experts and proven experience in developing leading AI models and solutions, including advanced LLMs built on AMD’s platform, will further accelerate our AI strategy and advance the deployment of AI solutions that build and quickly scale for our global customers.”

Based in Helsinki, Finland, with operations in Europe and North America, Silo AI specializes in end-to-end AI-based solutions that help customers quickly and easily integrate AI into their products, services, and operations. Their work spans diverse markets, with customers including Allianz, Philips, Rolls-Royce, and Unilever. Silo AI also creates advanced multilingual open-source LLMs, such as Poro and Viking, on the AMD platform in addition to its SiloGen model platform.

“At Silo AI, our mission from the beginning has been to build an AI flagship company. Today’s announcement is the next logical step in that pursuit as we join AMD to shape the future of AI computing,” said Peter Sarlin, CEO and co-founder of Silo AI. “We have a proven history of building successful AI products and delivering value to our customers. We look forward to being part of AMD to further enhance our impact and develop enterprise solutions and AI models that address the most complex challenges by deploying AI at scale today.”

Industry and Partner Support

“As a leading European AI company, Silo AI has been a great long-term partner for us on many AI-related projects. We look forward to enhancing the combined capabilities of AMD’s innovative AI technology and computing solutions,” said Nishant Batra, Chief Strategy and Technology Officer (CSTO), Nokia.

Silo AI marks the latest in a series of acquisitions and company investments to support AMD’s AI strategy. AMD has invested over $125 million in a dozen AI companies in the past 12 months and also acquired Mipsology and Nod.ai to expand the AMD AI ecosystem, support partners, and advance AMD’s leading computing platform.

“Silo AI has been a pioneer in scaling large language model training on LUMI, Europe’s fastest supercomputer powered by over 12,000 AMD Instinct MI250X GPUs,” said Dr. Pekka Manninen, Director of Science and Technology at CSC-IT Center for Science, Finland. “Together with university collaborators, they have trained advanced open-source models for EU languages, such as the Nordic Poro and Viking models. We have extensively collaborated with the team in optimizing the software stack, enabling efficient AI model training on LUMI.”

“A year ago, Combient partnered with Silo AI, a leading AI lab with 300 AI scientists and engineers. Together with Marcus Wallenberg, we initiated Combient in 2015 to accelerate digitalization and AI adoption for 38 of the largest Nordic companies, with a total turnover of €270 billion, such as H&M, IKEA, Saab, KONE, and Ericsson,” said Mats Agervi, CEO of Combient. “Today’s acquisition underscores Silo AI’s capabilities, opening expanded opportunities to increase value creation in Europe and beyond.”

According to data from IDC, the global market for AI solutions is expected to reach $500 billion by 2024, up from $342 billion in 2021. Significant investments in AI by companies like AMD indicate this growing trend, where businesses aim to leverage AI to enhance operational efficiency and offer more advanced products and services to their customers.

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