AMD buys Silo AI to counter Nvidia

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.