AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race

AMD will acquire Finnish AI startup Silo AI for $665 million to boost AI chip capabilities and improve AMD-powered models and software. AMD Senior VP Vamsi Boppana noted it "unlocks significant business." Silo AI's customers include Philips, Rolls-Royce, and Unilever. CEO Peter Sarlin will lead the unit, with the deal closing in the second half of 2024.