In bid to loosen Nvidia's grip on AI, AMD to buy Finnish startup for $665 million
Briefly

from Ars Technica7 months ago
California-based AMD acquires Silo AI for $665 million, aiming to leverage Silo's team and software tools to develop large language models (LLMs) and bolster its AI tech stack.
Ars Technicahttps://arstechnica.com/information-technology/2024/07/in-bid-to-loosen-nvidias-grip-on-ai-amd-to-buy-finnish-startup-for-665-million/
Europe sees its largest private AI startup acquisition since Google's buyout of DeepMind in 2014, indicating a growing interest in AI companies in the region and heightened competition with Silicon Valley giants.
Ars Technicahttps://arstechnica.com/information-technology/2024/07/in-bid-to-loosen-nvidias-grip-on-ai-amd-to-buy-finnish-startup-for-665-million/
Read at Ars Technica
#amd #silo-ai #ai-services #nvidia #european-ai-startups
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