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AMD announced the signing of the final agreement today to acquire Silo AI, the largest private AI laboratory in Europe in cash, with a transaction value of about $ 665 million.The agreement is another important step in the company’s strategy of providing close -to -end AI solutions based on open standards and establishing close partnerships with the global AI ecosystem.
The Silo AI team is composed of world -class artificial intelligence scientists and engineers. They have rich experience and develop customized artificial intelligence models, platforms and solutions for leading enterprises for cloud, embedded and endpoint computing markets.
Peter Sarlin, CEO and co -founder of Silo AI, will continue to lead the Silo AI team as part of the AMD artificial intelligence group to report to Vamsi Boppana, senior vice president of AMD.The acquisition is expected to be completed in the second half of 2024.
"In each industry, Enterprises are looking for fast and effective methods to develop and deploy AI solutions to meet their unique business needs. Silo AI has a trusted AITeam of experts and rich experience in developing leading AI models and solutions, including the most advanced LLM based on AMD platform construction, this will further accelerate our AI strategy and promote the construction and rapid implementation of the AI solution for our global customers."" "
Silo AI headquarters is located in Hernesses, Finland. Its business spreads in Europe and North America. It focuses on end -to -end AI driver solutions to help customers quickly and easily integrate AI into their products, services and operations.Their work involves different markets, and customers include Allianz, Philips, Rolls -Royce and United Leahua.In addition to the Silogen model platform, Silo AI also created the most advanced open source multi -language LLM on the AMD platform, such as Poro and Viking.
Peter Sarlin, CEO and co -founder of Silo AI, said: "In Silo AI, our mission has created an AI flagship company from the beginning. Today’s announcement is the logical next step in this pursuit, because we will be with AMD with AMDJointly shaping the future of AI computing. We have a long history in creating successful AI products and providing value for customers.The most complicated challenges faced by AI today
"As a leading European AI company, Silo AI is our long -term partners in many AI related projects in many AI related projects. We look forward to the combination of AI technology and AMD innovation computing solutions willBring more powerful functions. "
Silo AI is the latest one of AMDs to support the AI strategy and the latest items in corporate investment.In the past 12 months, AMD has invested more than 125 million US dollars in more than a dozen AI companies. It also acquired MIPSOLOGY and NOD.AI to expand the AMD AI ecosystem, support partners and improve the leadership of the AMD computing platform.
Dr. Pekka Manninen, Director of Science and Technology of the Finnish CSC-IT Science Center, said: "Silo AI is the pioneer of large-scale language model training on Lumi. Lumi is the fastest supercomputer in Europe, driven by more than 12,000 AMD Instinct Mi250X GPUs.The collaborators have trained the most advanced open source models for EU language, such as the Nordic Poro and Viking models.
"A year ago, COMBIENT cooperated with the leading artificial intelligence laboratory Silo AI," said COMBIENT CEO MATS Agervi. The laboratory has 300 artificial intelligence scientists and engineers. In 2015, we and MARCUS WALLENBERG jointly founded the Combient.In accelerating the digital and artificial intelligence applications of the 38 largest companies in Nordic, these companies have a total turnover of 270 billion euros, including H & M, IKEA, Saab, Tongli and Ericsson.In other areas, more values have opened more opportunities. "
Acquisition Silo AI, build AI software and service stacks
If you have time, you can build a software ecosystem.But sometimes, if you want to speed up, then you have to spend money to establish this ecosystem.This is what AMD has been doing in the past year, and we expect the company to do more when trying to compete with competitors NVIDIA at home.
The struggle between NVIDIA’s CUDA language and related libraries and AMD’s emerging ROCM tools and libraries has continued for many years. NVIDIA still has huge advantages in its CUDA platforms that run thousands of HPCs and AI applications and models.AMD has narrowed the gap in recent years, but the product portfolio of the transplant framework and the application is still a small part of the NVIDIA and its software partners.
To some extent, the $ 49 billion acquisition of Xilinx (Xilinx) completed in February 2022 was to enhance its software and algorithm libraries in various industries.The Cylinz FPGA business increased the income of AMD data centers and embedded systems, and increased the profit margin in these areas, which did not cause any damage.Since the transaction, the company’s market value has continued to increase, which has made Wall Street more confident about AMD’s prospects before the GenAI boom broke out later that year, and the return of Seling Si was several times that of its acquisition of Sali.Therefore, in this sense, we guess that Sali is "free".
But obtaining more AI software expertise and intellectual property rights is a continuous task of AMD.
NVIDIA believes that what happened naturally and what happened naturally due to the hegemony of the NVIDIA GPU platform, AMD must pay the price for it.This is why the company spent $ 665 million in cash to acquire Finnish AI startup Silo AI.The company met SILO AI through the construction of Lumi supercomputers. Lumi supercomputers are part of the Eurohpc collective, based on AMD EPYC processors and Instinct GPU accelerators.
Silo AI was established in Helsinki in September 2017.One of his co -founders and current CEOs is Peter Sarlin. He obtained a bachelor’s degree in economics and a master’s degree in Economics at Obo Academic University. After that, he obtained a PhD in computer science from the Turku Computer Science Center to focus on machine learning and financial stability.Since then, Sarlin has taught machine learning and research in many academic and government organizations, and cooperated with five other people to create Silo AI to create an artificial intelligence laboratory and provide artificial intelligence services to European enterprises and other organizationsOriginally focused on Northern Europe, as you expected.
The other five co -founders of Silo AI include Tero Ojanper, chairman of the company (former chief technology officer of Telecom equipment manufacturer Nokia), Juha Hulkko (founder of Elektrobit Automotive, a self -driving software manufacturer), and Johan KronbergExecutive Officer and Chairman), Kaj-Mikael BJRK (Professor of Machine Learning of Turku Center) and Ville Hulkko (co-founder of Video AI Lab Valossa).
Silo AI raised 10 million euros in the two rounds of financing in June 2019 and June 2022, and broke through the 100 employee mark at the end of 2020. Currently, it has more than 300 employees, and the income of 2023 is 21 million euros.EssenceAmong these employees, 125 are doctors in various fields. The merger team has implemented more than 200 AI projects in Europe and reached some transactions in North America and other regions.Its main customers include Allianz, Finnish Airlines, Honda, Philips, Rolls -Royce, and United Levi, and AMD’s competitors NVIDIA and Intel are also their customers.The company also used the Lumi system at CSC factory in CSC, which has more than 12,000 AMD Instinct Mi250X GPU accelerators for training PORO (Finnish) and VIKING (Denmark, Finnish, Norwegian, Icelandic and Icelandic language.Swedish) Large -scale language models, these two models also support English.
多年来，Silo AI 已经创建了自己的AI 平台，称之为Silo 操作系统，其中包括AI 框架、模型和其他MLOps 工具，用于自动化AI 模型的生产部署，并涵盖智能汽车、监控、质量控制、Common cases such as voice recognition and translation and document library expansion.With its Silogen service, Silo AI creates custom LLMs for customers, deployed it with corporate applications, and sold it as a service to the company.
AMD acquired Silo AI at about 30 times the previous revenue and paid a considerable priceSimla Stock. Obviously, it wanted to hire experts from the company to help its Instinct GPU build AI stacks.It may even increase investment in services to help customers implement the AI system, as Silo AI does.This makes sense. It will provide AMD with a different business line from NVIDIA, which often leaves such tasks to system integrators and consulting companies around the world.
Before the acquisition of Silo AI, AMD also completed two other transactions to acquire AI startups in recent months.In October 2023, AMD acquired the US AI startup NOD.AI, which was established in 2013 and created an abstract layer called Shark to improve the reasoning performance of the AI model on different hardware.Prior to this, in August 2023, AMD acquired the French AI startup MIPSOLOGY, which was established in 2013 and created an abstract layer called Zebra that can run the reasoning model compiled for CPU and GPU on FPGA.
The terms of NOD.AI and MIPSOGY transactions have not been disclosed, but Silo AI transactions are important enough (compared with AMD’s balance sheet, the scale is large enough), it is worth disclosing.AMD stated in a statement that in the past 12 months, it has invested more than $ 125 million in more than a dozen AI companies. NOD.AI and MIPSOGY transactions are likely to account for a large part of it.
The Silo AI acquisition is expected to be completed by the end of this year, but it is required to be approved by the conventional regulatory authorities.Salle will continue to be responsible for the Silo AI team, which will be included in the AMD artificial intelligence group and is responsible for the senior vice vice president Vamsi Boppana.