Computer chip manufacturing giant, AMD, has acquired Silo, a Finnish AI startup for $665 million dollars.
Silo AI CEO and co-founder Peter Sarlin will continue to lead the Silo AI team as part of the AMD Artificial Intelligence Group. The acquisition is expected to close in the second half of 2024.
The deal serves as an aggressive attempt by AMD to accelerate its AI footprint; Silo will allow AMD to compete against industry monolith NVDIA.
The Finnish firm helps companies develop and deploy AI models and operates from the domain name Silo.ai. The company also owns the domain SiloAI.com that forwards to its primary web site.
Oddly, Silo does not own Silo.fi that is operated by a villa and cafe business in Finland. But that might be good news for the owner of the domain name Silo.com; registered in 1995, Silo.com is owned by BestWeb.com, holders of an extensive portfolio of top quality, aged domain names.
It’s great seeing AI propelling the domain market to new heights by raising awareness to the importance of quality domain brands.
