📣 AMD announced plans to acquire Silo AI, Europe's largest private AI laboratory! 🚀 This strategic acquisition aligns with AMD's goal of providing comprehensive AI solutions and intensifies its competition with industry leaders like Nvidia.

Silo AI serves major companies such as Allianz, Philips, Rolls-Royce and Unilever and specializes in training AI models on AMD platforms.

This acquisition will strengthen AMD's AI software capabilities and accelerate the development and deployment of AMD-powered AI models and solutions. It will also strengthen AMD's position in the enterprise AI market and expand its presence in Europe's AI ecosystem.

When news of the acquisition broke, AMD's stock received a positive reaction in the market. AMD's stock performance has been strong, with the year-to-date return of 22.55% exceeding the S&P 500's gain of 17.22%.

This acquisition is AMD's latest move in a series of strategic investments in the AI ​​sector. Over the past 12 months, the company has invested over $125 million in a dozen AI companies and acquired firms such as Mipsology and Nod.ai.

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