Silo AI counts Nokia amongst its companions on AI initiatives
Semiconductor firm AMD has introduced that it’s shopping for the most important personal synthetic intelligence lab in Europe for $665 million in money, to bolster AI options for enterprise that may leverage AMD’s chips.
The transfer is extensively seen as an effort by AMD to not solely higher allow its prospects to construct AI fashions primarily based on AMD chip platforms, however to assist the corporate compete higher towards Nvidia.
Silo AI relies in Helsinki, Finland and has operations in each Europe and North America; its prospects embody Allianz, Philips, Rolls-Royce and Unilever. The corporate already creates open-source, multi-lingual giant language fashions (LLMs) on AMD platforms, in addition to its personal SiloGen mannequin platform. Its companions on AI initiatives embody Nokia, and Silo AI additionally works with the Combient consortium of Nordic corporations—of which Ericsson is one—to offer the flexibility, via entry to a catalog of its fashions, to construct customized LLMs that may be taken to manufacturing.
“Throughout each trade, enterprises are in search of quick and efficient methods to develop and deploy AI options for his or her distinctive enterprise wants,” stated Vamsi Boppana, SVP of AMD’s Synthetic Intelligence Group. “Silo AI’s workforce of trusted AI specialists and confirmed expertise creating management AI fashions and options, together with state-of-the-art LLMs constructed on AMD platforms, will additional speed up our AI technique and advance the build-out and fast implementation of AI options for our international prospects.”
“As a number one European AI firm, Silo AI has been a terrific long-term accomplice for us in lots of AI-related initiatives. We sit up for the improved capabilities the mixture of AI applied sciences and modern compute options from AMD will carry,” stated Nishant Batra, Nokia’s chief technique and know-how officer.
Silo AI’s CEO and co-founder, Peter Sarlin, will proceed to guide the Silo AI unit inside AMD’s AI Group and report back to Boppana.
The acquisition is predicted to shut within the second half of this yr. AMD has been on an AI shopping for spree, buying Mipology and Nod.ai and investing greater than $125 million in a dozen different AI corporations prior to now 12 months.
The chip firm stated that via the Silo AI acquisition, it can acquire “world-class AI scientists and engineers with intensive expertise creating tailor-made AI fashions, platforms and options for main enterprises spanning cloud, embedded and endpoint computing markets.”
“We now have a well-established historical past of constructing profitable AI merchandise and delivering worth to our prospects,” stated Sarlin. “We sit up for turning into a part of AMD to additional scale our impression and develop enterprise options and AI fashions that deal with probably the most complicated challenges with deploying AI at scale at the moment.”