AMD to acquire European startup Silo AI for $665 million

U.S. chipmaker Advanced Micro Devices (AMD) will acquire Finland-based artificial intelligence startup Silo AI for $665 million, the company announced on Wednesday. The all-cash deal is said to be the largest of any privately owned AI company in Europe in a decade. Also read: Europe’s AI Act gets final approval with up to $38M Fines

Source: Cryptopolitan