2024-07-10 17:07:00

AMD (NASDAQ:AMD) saw a 3% surge in shares after announcing the acquisition of Silo AI for $665 million in cash. This move is in line with AMD’s goal to offer comprehensive AI solutions using open standards. Silo AI’s expertise in developing advanced AI models, including large language models on AMD platforms, will enhance AMD’s AI strategy and speed up deployment for global clients. Silo AI specializes in end-to-end AI solutions, helping customers integrate AI into their products and services. They offer open-source multilingual LLMs like Poro and Viking, developed on AMD platforms.