Finland’s Silo AI sold to US in Europe’s largest AI deal in decade

US CHIPMAKER AMD on Wednesday announced it has signed a definitive agreement to acquire Silo AI, an artificial intelligence start-up founded in Helsinki in 2017.

The all-cash transaction is valued at around 665 million US dollars, or 615 million euros, making it the largest corporate acquisition of the past decade in the artificial intelligence space in Europe, according to the Financial Times.