Germany

AMD acquires Finnish AI Firm Silo AI for $665M to strengthen AI Capabilities
US chipmaker AMD has announced a $665 million (€614 million) acquisition of Finnish startup Silo AI, a leading European artificial intelligence company. The all-cash transaction, revealed on Wednesday, marks a significant step for AMD in delivering end-to-end AI solutions and bolstering its competitive edge against Nvidia in the high-performance chip market.