Silo.AI
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Silo AI was a Helsinki, Finland-based artificial intelligence company led by CEO and co-founder Peter Sarlin. Describing itself as Europe's largest private AI lab, it built end-to-end AI-driven solutions that helped customers integrate AI into their products and operations, with clients including Allianz, Philips, Rolls-Royce, and Unilever. It developed the SiloGen modeling platform and pioneered training open-source multilingual large language models such as Poro and Viking on the LUMI supercomputer, which runs on AMD hardware.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Open-source LLMs
Silo AI trains state-of-the-art open-source Nordic language models Poro and Viking on the LUMI supercomputer, powered by more than 12,000 AMD Instinct MI250X GPUs, serving enterprise clients including Allianz, Philips, Rolls-Royce, and Unilever.
- Acquired by AMD
On July 10, 2024, AMD announces it will acquire Silo AI for about $665 million in cash - the largest private AI startup acquisition in Europe since Google's DeepMind purchase - to strengthen its AI software capabilities against Nvidia. CEO Peter Sarlin continues to lead the Silo AI team within AMD's Artificial Intelligence Group; the deal is expected to close in the second half of 2024.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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