AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race
Advanced Micro Devices said on Wednesday it will acquire Finnish artificial intelligence startup Silo AI for about $665 million in cash as the company tries to enhance its AI chip capabilities to compete against industry leader Nvidia. Building and training large language models is challenging, even for big tech companies. Silo AI will also strengthen AMD's software development capabilities.
By Max A. Cherney
(Reuters) - Advanced Micro Devices said on Wednesday it will acquire Finnish artificial intelligence startup Silo AI for about $665 million in cash as the company tries to enhance its AI chip capabilities to compete against industry... [1505 chars]
Published by: Yahoo Finance
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