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AMD Adds Rolls-Royce To Its Customer List By Buying AI Firm For $665 Million

NewsTech

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Chip designer AMD expanded its customer base in the AI industry today after announcing its takeover of Europe's largest private artificial intelligence lab Silo AI. The transaction is worth $665 million, and since it's all cash, AMD might have to rely on debt to finance the deal. Silo is an AI software company, and AMD's deal with the firm should allow it to expand its presence in the industry by powering up Silo's software with its Instinct GPUs and other AI products. AMD's shares gained 3% in trading after it announced the news, leading larger rival NVIDIA, whose shares were […]

Read full article at https://wccftech.com/amd-adds-rolls-royce-to-its-customer-list-by-buying-ai-firm-for-665-million/

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