AMD to acquire Finnish startup Silo AI for US$665 million

By Max A. Cherney

Jul 11 2024 6:45AM

To step up in AI race.

AMD to acquire Finnish startup Silo AI for US$665 million

Advanced Micro Devices (AMD) will acquire Finnish artificial intelligence startup Silo AI for about US$665 million ($985 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,...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

ai amd hardware

Partner Content

Transforming Education: South Australia's Digital Identity Journey with Okta

Partner Content Transforming Education: South Australia's Digital Identity Journey with Okta

‘Work Anywhere, Thrive Everywhere’: Embracing Boundless Workplaces in a Changing World

Partner Content ‘Work Anywhere, Thrive Everywhere’: Embracing Boundless Workplaces in a Changing World

AI isn’t coming for your job, but it might be coming for your Intellectual Property

Promoted Content AI isn’t coming for your job, but it might be coming for your Intellectual Property

Non-technical job seekers are missing out on this in-demand cybersecurity career

Partner Content Non-technical job seekers are missing out on this in-demand cybersecurity career

Sponsored Whitepapers

Nine Ways To Prepare Your Database for a High-Traffic Event

Nine Ways To Prepare Your Database for a High-Traffic Event

How to Put AI at the Heart of Business Growth

How to Put AI at the Heart of Business Growth

Streamline Your Processes and Reduce Managed File Transfer Expenses

Streamline Your Processes and Reduce Managed File Transfer Expenses

Maximise Your Azure Investment with Fusion5

Maximise Your Azure Investment with Fusion5

CyberArk's 2024 Playbook: Identity Security and Cloud Compliance

CyberArk's 2024 Playbook: Identity Security and Cloud Compliance

Events

Integrate

Most Read Articles

Defence to trial four containerised computer rooms

Defence to trial four containerised computer rooms

Defence to build 'virtual environments' to model decisions and systems

Defence to build 'virtual environments' to model decisions and systems

Coles Group opens automated distribution centre in Sydney's west

Coles Group opens automated distribution centre in Sydney's west

How chip giant Intel spurned OpenAI

How chip giant Intel spurned OpenAI

Digital Nation

Health tech startup Kismet raises $4m in pre-seed funding

Health tech startup Kismet raises $4m in pre-seed funding

More than half of loyalty members concerned about their data

More than half of loyalty members concerned about their data

COVER STORY: What AI regulation might look like in Australia

COVER STORY: What AI regulation might look like in Australia

How eBay uses interaction analytics to improve CX

How eBay uses interaction analytics to improve CX

State of Security 2023

State of Security 2023