--- title: AMD to Acquire Finnish Startup Silo AI for $665 Million... description: AMD has announced the acquisition of Finnish startup Silo AI for $665 million to enhance its position in the AI sector and compete with Nvidia. Silo AI... canonical: https://daily.dev/posts/amd-to-acquire-finnish-startup-silo-ai-for-665-million-to-bolster-ai-capabilities-jd7vitme3 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: AMD to Acquire Finnish Startup Silo AI for $665 Million to Bolster AI Capabilities | daily.dev og:description: AMD has announced the acquisition of Finnish startup Silo AI for $665 million to enhance its position in the AI sector and compete with Nvidia. Silo AI... og:url: https://daily.dev/posts/amd-to-acquire-finnish-startup-silo-ai-for-665-million-to-bolster-ai-capabilities-jd7vitme3 og:image: https://api.daily.dev/og/posts/Jd7viTME3.png og:image:alt: AMD to Acquire Finnish Startup Silo AI for $665 Million to Bolster AI Capabilities og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # AMD to Acquire Finnish Startup Silo AI for $665 Million to Bolster AI Capabilities **[Collections](https://daily.dev/sources/collections)** · 2 min read · 2 upvotes · 0 comments ## Summary AMD has announced the acquisition of Finnish startup Silo AI for $665 million to enhance its position in the AI sector and compete with Nvidia. Silo AI specializes in large language models for low-resource languages and aims to develop AI models for every language in the EU. The acquisition is expected to be completed in the second half of the year and will bolster AMD's AI portfolio without immediate impacts on its financial performance. This move aligns with AMD's broader strategy to invest in AI technologies, building on previous acquisitions. ## Content # AMD Acquires Finnish AI Startup Silo AI for $665 Million to Compete with Nvidia AMD, the US-based semiconductor giant, has announced its plan to acquire Finnish startup Silo AI for $665 million. This strategic move is aimed at strengthening AMD's position in the artificial intelligence (AI) sector and enhancing its capabilities to compete more effectively with Nvidia in the tech industry. Silo AI is renowned for its development of large language models (LLMs), particularly for low-resource languages. The startup has ambitious plans to create AI models for every language in the European Union. Silo AI's expertise in AI model development, deployment, and software development is expected to significantly bolster AMD's AI portfolio. The acquisition is set to be completed in the second half of the year, pending regulatory approval. Following the acquisition, Silo AI's CEO will lead the unit within AMD's AI group. This move aligns with AMD's broader strategy to invest in AI-focused technologies, building on its previous acquisitions of Mipsology and Nod.ai. While the acquisition will not have an immediate impact on AMD's financial performance, it is anticipated to strengthen its long-term competitive edge in the high-performance chips market. This deal marks a significant milestone in AMD's ongoing efforts to enhance its AI capabilities and solidify its standing against industry rivals like Nvidia. --- Tags: [#tech-news](https://daily.dev/tags/tech-news), [#ai](https://daily.dev/tags/ai), [#nvidia](https://daily.dev/tags/nvidia), [#amd](https://daily.dev/tags/amd) [View this post on daily.dev](https://daily.dev/posts/amd-to-acquire-finnish-startup-silo-ai-for-665-million-to-bolster-ai-capabilities-jd7vitme3) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"AMD to Acquire Finnish Startup Silo AI for $665 Million to Bolster AI Capabilities","url":"https://daily.dev/posts/amd-to-acquire-finnish-startup-silo-ai-for-665-million-to-bolster-ai-capabilities-jd7vitme3","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/amd-to-acquire-finnish-startup-silo-ai-for-665-million-to-bolster-ai-capabilities-jd7vitme3"},"datePublished":"2024-07-10T14:59:50.423Z","dateModified":"2024-07-11T06:06:35.658Z","description":"AMD has announced the acquisition of Finnish startup Silo AI for $665 million to enhance its position in the AI sector and compete with Nvidia. 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