Overview

• AMD will integrate Silo AI's team of AI scientists and engineers into its Artificial Intelligence Group.
• The acquisition will allow AMD to offer comprehensive AI solutions, including hardware and software, to enterprise customers.
• Silo AI specializes in large language models and has a strong client base including Allianz, Unilever, and Rolls-Royce.
• The deal is expected to close in the second half of 2024, pending regulatory approval.
• AMD's stock rose nearly 4% following the announcement, reflecting investor confidence in the strategic move.