Advanced Micro Devices, Inc. (NasdaqGS:AMD) signing of a definitive agreement to acquire Silo.AI Oy from Altor Equity Partners AB for approximately $660 million on July 10, 2024. Silo AI CEO and co-founder Peter Sarlin will continue to lead the Silo AI team as part of the AMD Artificial Intelligence Group, reporting to AMD senior vice president Vamsi Boppana. The expected completion of the transaction in second half of 2024.