AMD acquires Finnish startup Silo AI for $665M to expand enterprise AI solutions 

AMD has announced the signing of an agreement to acquire Silo AI, the Finnish private AI lab, in an all-cash transaction valued at approximately $665 million. This will help AMD improve the development and deployment of AMD-powered AI models and help potential customers build complex AI models with the company’s chips.

  • Based in Helsinki, Finland, with operations in Europe and North America, Silo AI specializes in end-to-end AI-driven solutions that help customers integrate AI into their products, services and operations. Their work spans diverse markets, with customers including Allianz, Philips, Rolls-Royce and Unilever. Silo AI also creates state-of-the-art open source multilingual LLMs, such as Poro and Viking, on AMD platforms in addition to its SiloGen model platform.

Silo AI has been a pioneer in scaling large language model training on LUMI, Europe’s fastest supercomputer powered by over 12,000 AMD Instinct MI250X GPUs. Together with university collaborators, they have trained state-of-the-art open-source models for EU languages, such as the Nordic Poro and Viking models. We have collaborated extensively with the team in optimizing the software layer, allowing for efficient training of AI models on LUMI,

said Dr. Pekka Manninen, Director of Science and Technology at CSC-IT Center for Science, Finland. “
  • Founded in 1969 as a Silicon Valley startup, AMD works on high-performance computing, graphics and visualization technologies. The acquisition marks the latest step from AMD in a series of moves aimed at expanding its footprint in the AI landscape. Last year, the company acquired AI software firms Mipsology and and has invested more than $125 million across a dozen AI companies over the last 12 months.

Silo AI’s CEO and co-founder Peter Sarlin will continue to lead the unit as part of the AMD Artificial Intelligence Group, AMD said. The deal is expected to close in the second half of 2024.