AMD buys Silo AI to counter Nvidia [Video]

AMD’s acquisition of Europe’s largest private AI lab is its third AI-themed deal in less than a year, the latest installment in its plan to build an AI stack to rival Nvidia’s.

AMD turned its AI acquisition dial another notch this week, announcing a deal to buy Europe’s largest private AI lab, Finland’s Silo AI, for $665 million in cash.

Last August it bought French AI inference startup Mipsology, with tiny open-source AI compiler outfit Nod.ai following in October.

But those were small, tactical acquisitions, part of what AMD described at the time as a $125 million investment in AI.

Ingesting Silo AI for several times that sum is a much bigger statement of intent in a sector that increasingly resembles a frenzied technological assembly line.

AI hardware is an anxious place to be right now unless you are Nvidia. The latter dominates the market for AI chips with traditional microprocessor brands such as AMD …