Silo AI's Peter Sarlin founded the Finnish AI research lab in 2017 and launched its first large language model, Poro, last year.

Europe’s bid to compete with the United States and China to stay at the cutting edge of artificial research have got a boost from AI founder Peter Sarlin, and the Finnish government.

The Silo AI cofounder sold his startup to American chip giant AMD for $665 million in July and now has set up a foundation to fund up to 15 AI researchers across Europe. The initial grant from Sarlin’s Foundation PS was worth over $10 million and is linked with the Finnish government carving out a $10 million annual budget for a new AI research lab.

More than $80 billion has been invested in AI research over the last year, most........

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