AMD to buy Finnish startup Silo AI for $665M in drive to compete with Nvidia

Chipmaker AMD announces its acquisition of Finnish AI startup Silo AI for $665 million, signaling AMD's strategic move to compete more robustly with industry rival Nvidia.

• AMD acquires Silo AI for $665mn
• Silo AI is based in Finland
• Deal marks competition with Nvidia
• Acquisition focuses on AI capabilities
• Silo AI is a leader in AI technology