A recent strategic development in the semiconductor market has seen AMD, one of the industry’s major firms, acquire Silo AI, a Finnish artificial intelligence firm for $665 million.
Silo AI is popularly referred to as Europe’s largest private AI lab and serves Allianz, Unilever, and Rolls-Royce, among others.
This takeover forms part of AMD’s plan to strengthen its AI profile in its bid to take on Nvidia in the AI hardware space.
Peter Sarlin, who is the CEO of Silo AI, will also maintain his position in the management of AMD’s AI Group.
This should make AMD’s AI models and software better, helping them compete more in the growing AI market.
Led by CEO Lisa Su, AMD is getting more into the AI market with its MI300 accelerators.
They hope to make $4 billion in sales this year.
Even though AMD’s stock hasn’t grown as much as Nvidia’s or other chip companies.
Its market value is almost at a record $286 billion. This shows that investors still believe strongly in AMD’s future.
Captions AI video startup raises $60 Million
Other AI news is that Captions, an AI video platform has closed $60 million in funding and attained $500 million in the valuation round.
According to Forbes News, this New York-based company started small but has quickly grown from 15 to 60 team members in just a year.
Over 10 million creators globally use the Subtitles app to produce about 300,000 videos monthly.
Captions offer various tools designed to simplify video creation, especially for those without technical expertise.
Such as text-to-speech through photorealistic avatars, script writing and translation services for subtitles and dubbing in 28 languages.
OpenAI and Anthropic supply large language models while ElevenLabs provides voice cloning technology.
In its latest funding round, Index Ventures was joined by partners Kleiner Perkins, Andreessen Horowitz, Sequoia, Adobe Ventures, HubSpot, and actor Jared Leto.
AMD’s strategic move in the AI market
This move gives AMD a key strategic advantage in the AI market by acquiring Silo AI.
Silo AI’s capabilities in AI models and software will enhance AMD’s current focus on AI hardware.
This move aims to strengthen AMD’s position in competition with Nvidia in the AI hardware market.
AMD can now strategically integrate advanced AI technologies and solutions through Silo AI.
The MI300 accelerators are part of AMD’s current and future AI products.
AMD aims to make $4 billion this year, showing it plans to become a big player in the AI market.
This not only increases the capabilities of AMD through the integration of additional technologies but also indicates the company’s desire to become a market leader in terms of AI solutions.
Changing video creation
Captions are making waves in the AI video creation space with its innovative tools that make video production accessible to everyone.
The platform’s ability to generate photorealistic avatars, create scripts, and provide multilingual translations has attracted millions of users worldwide.
This availability and friendly interface has made the video creation a game for everyone regardless of their expertise.
The latest fundraising round of $60 million will help Captions to build out its offer and scale up.
Through the adoption of OpenAI, Anthropic, and ElevenLabs AI techniques, Captions is positioned to offer leading-edge AI-photorealistic videos.
This is proven by the fact that the company has grown exponentially and has a large number of users who require effective and efficient tools for video creation.
The future of AI and video technology
AMD buying Silo AI and Captions getting new money show that AI is becoming very important in many high-tech areas.
AMD’s strategic acquisition will lead to innovations in AI hardware and software, placing it at the forefront of the AI market.
Captions have simple and useful tools for making videos, which could change how people create and share videos.
With advancements in artificial intelligence, we can expect more amazing progress in both hardware and software.
AMD and Captions are leading this tech revolution with their innovations in AI and video technology.
Investing in these areas shows that AI has huge potential to change industries and improve our daily lives.
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