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AMD

AMD purchases Finnish private AI laboratory Silo AI for $665 million in a cash transaction.

AMD, the semiconductor heavyweight, has announced a $665 million cash acquisition deal of Silo AI, Europe's largest private AI lab. The acquisition will further drive AMD's strategy to compete with rivals like NVIDIA offering all-encompassing AI solutions for hardware, software, and services. Silo AI has crafted innovative open-source large language models (LLMs), including Poro and…

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