AMD has formally declared the successful acquisition of Silo AI, a leading private AI research center based in Europe, in an all-cash transaction valued at $665 million. This acquisition marks a significant step in AMD's strategic expansion into the artificial intelligence domain, aligning with the company's focus on AI as a top strategic priority.

Vamsi Boppana, Senior Vice President of AMD's Accelerated Computing Division, emphasized that "AI is our primary strategic goal," and pledged to continue investing in talent and software capabilities to support the growing customer base and roadmap. The integration of Silo AI's team, known for their expertise in developing and integrating AI models, particularly large-scale language models, is expected to enhance the performance of AI solutions built on AMD platforms.

Silo AI boasts an impressive clientele, including industry giants such as Allianz Insurance, Philips, Rolls-Royce, and Unilever. The acquisition will ensure that Silo AI continues to utilize AMD's chips and technologies, while also propelling AMD's development of open-source generative AI training and application software.

This strategic acquisition positions AMD to be more competitive in the rapidly evolving AI landscape, where it will continue to innovate and lead in providing advanced AI solutions.