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🟣AMD ACQUIRES SILO AI FOR $665M

🟣AMD ACQUIRES SILO AI FOR $665M

Day: 10 | Time: 15:39:29 Advanced Micro Devices (AMD) has announced the acquisition of Finnish artificial intelligence startup Silo AI for approximately $665 million in cash. This move aims to enhance AMD's artificial intelligence chip capabilities to compete with Nvidia. Building and training artificial intelligence models are also challenges for large technology companies. Silo AI will also strengthen AMD's software development capabilities.

AMD acquisition of Silo AI