Altor divests Silo AI
In June 2022 Altor invested and partnered with Silo AI, a private AI lab based out of Helsinki, Finland. The ambition was to build a leading European AI flagship. Yesterday AMD (NASDAQ: AMD) announced the signing of a definitive agreement to acquire Silo AI, which now has become the largest private AI lab in Europe, in an all-cash transaction valued at $665 million. The Silo AI team consists of world-class AI scientists and engineers with extensive experience developing tailored AI models, platforms and solutions for leading enterprises spanning cloud, embedded and endpoint computing