US chip giant AMD to buy European LLM leader Silo AI for $665M

US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The Californian company described the acquisition as “a significant step” towards delivering end-to-end AI solutions. It will also give AMD new tools to compete with Nvidia’s high-performance chips. Silo AI describes itself as “Europe’s largest private AI lab.” The company is best know for building large language models (LLMs) — particularly for low-resource languages. In May, the startup launched an LLM that covers Danish, Finnish, Icelandic, Norwegian, and Swedish, as well…

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