AMD Acquires Silo AI for $665M Cash Deal

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Silo AI’s clientele includes notable companies such as German insurance giant Allianz, luxury car manufacturer Rolls-Royce, and consumer goods company Unilever, among others.

“At Silo AI, our mission from the start has been to build an AI flagship company. Today’s announcement is a logical next step in that pursuit as we join forces with AMD to shape the future of AI computing,” said Silo AI CEO and co-founder Peter Sarlin. “We look forward to becoming part of AMD to further scale our impact and develop enterprise solutions and AI models that address the most complex challenges with deploying AI at scale today.”

Sarlin will continue to lead the Silo AI team as it integrates with AMD’s artificial intelligence group, reporting to Boppana.

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AMD’s Ongoing AI Investments

Founded in 1969 as a Silicon Valley startup, AMD is a global high-performance and adaptive computing company that produces leading-edge semiconductor products. The acquisition of Silo AI is the latest in a series of investments to bolster its AI strategy. In the past year, AMD has invested over $125 million across 12 AI companies.

Legal Counsel

The Latham corporate team advising AMD was led by partners Tad Freese and Mark Bekheit, and included partners Kirt Switzer, Nicholas DeNovio, Michael Rubin, Anthony Klein, Les Carnegie, Charles Claypoole, Kevin Chambers, Amanda Reeves, Patrick English, Jana Dammann de Chapto, and Harrison White.