US chip giant AMD to buy European LLM leader Silo AI for $665M
US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The Californian company described the acquisition as “a significant step” towards delivering end-to-end AI solutions. It will also give AMD new tools to compete with Nvidia’s high-performance chips. Silo has been acclaimed for building large language models (LLMs) — particularly for low-resource languages. In May, the startup launched an LLM that covers Danish, Finnish, Icelandic, Norwegian, and Swedish, as well as English and programming languages. At the time, the company said…This story continues at The Next Web
US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The Californian company described the acquisition as “a significant step” towards delivering end-to-end AI solutions. It will also give AMD new tools to compete with Nvidia’s high-performance chips. Silo has been acclaimed for building large language models (LLMs) — particularly for low-resource languages. In May, the startup launched an LLM that covers Danish, Finnish, Icelandic, Norwegian, and Swedish, as well as English and programming languages. At the time, the company said…
This story continues at The Next Web