US chipmaker AMD is set to acquire Finnish artificial intelligence startup Silo AI for $665 million, marking one of the largest takeovers in Europe and signaling a move to expand AMD's AI services to rival industry leader Nvidia. Silo's team of 300 experts will focus on building large language models (LLMs) essential for chatbots like OpenAI's ChatGPT and Google's Gemini. The acquisition is expected to close in the second half of the year pending regulatory approval. This deal places AMD in direct competition with Nvidia, known for dominating the high-performance chip market. Silo AI's commitment to open source AI models sets it apart from other tech giants, aiming to democratize access to advanced AI technology. The move signifies a strategic shift for AMD in the software landscape, aiming to enhance customer engagement and build a strong foundation for future AI applications.