AMD quarterly financial reports

AMD Completes $665 Million Acquisition of Silo AI

Aug 12, 2024, 01:18 PM

AMD has announced the completion of its acquisition of Silo AI, the largest private AI lab in Europe, for $665 million. The transaction, which was conducted entirely in cash, aims to accelerate the development and deployment of AI models on AMD hardware. This strategic move is expected to bolster AMD's capabilities in the AI sector, positioning it competitively against other major tech companies.