AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally

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Go back to AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally

AMD stock jumps on Silo AI purchase

July 10, 2024 11:58 AM EDT

AMD (NASDAQ: AMD) shares jumped more than 3% Wednesday after the company announced it has agreed to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million.

The acquisition marks a step in AMDs strategy to deliver comprehensive AI solutions based on... More