09:15 AM EDT, 07/10/2024 (MT Newswires) -- Advanced Micro Devices ( AMD ) said Wednesday it has agreed to buy Silo AI in an all-cash deal valued at about $665 million.

The deal will likely close in H2, the company said, adding that Silo AI co-founder and CEO Peter Sarlin will continue to lead the Silo AI team under the AMD Artificial Intelligence Group.

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