US EditionOpenAI Looks to Take 10% Stake in AMD Through AI Chip-Supply Deal Worth Billions
OpenAI will deploy 6 gigawatts of AMD GPUs starting in 2026 and can acquire up to a 10% stake in AMD through a warrant tied to deployment and stock milestones.
- OpenAI has entered into a multi-year agreement with AMD to utilize up to 6 gigawatts of compute power from various generations of AMD Instinct GPUs, with initial deployment set to begin in the latter half of 2026.
- This agreement follows OpenAI's push to expand AI compute capacity through partnerships amid Nvidia's recent $100 billion commitment with OpenAI.
- AMD issued OpenAI warrants for 160 million shares, worth over $26.3 billion at Friday's close, vesting as deployment milestones are met.
- AMD CEO Lisa Su called the deal a 'win-win' enabling the world's most ambitious AI buildout, while OpenAI CEO Sam Altman called it a major step to realize AI's full potential.
- The collaboration is expected to bring AMD revenues amounting to several tens of billions of dollars while accelerating OpenAI's expansion of its infrastructure, signaling a strategic move against Nvidia's leadership in the AI sector.
124 Articles
124 Articles
Sam Altman, CEO of OpenAI, has said that the biggest constraint to his company's growth is access to computing power.
AMD stock soars after striking a landmark deal with OpenAI — part of Sam Altman’s bid to loosen Nvidia’s grip on AI
AMD announced a long-term partnership with OpenAI on Monday that will make it one of the startup’s key chip suppliers for training and running advanced AI models. The company’s stock jumped 28% in midday trading on the news of the multiyear deal, which could generate tens of billions of dollars in annual revenue for AMD over time and marks one of the largest AI infrastructure commitments that’s not based on processors by industry leader Nvidia.…
OpenAI, AMD Cut a Huge Deal
Semiconductor maker AMD will supply its chips to artificial intelligence company OpenAI as part of an agreement to team up on building out artificial intelligence infrastructure, the companies said Monday. OpenAI will also get the option to buy as much as a 10% stake in AMD, according to a joint...
The Mercury news
siliconvalley.comUS stocks advance on AMD-OpenAI partnership, big bank deal
(Bloomberg/Jessica Menton) — US stocks rose to record levels shortly after the opening bell Monday as investors looked past the government shutdown, now in its sixth day. Instead they cheered a multibillion-dollar infrastructure deal that signaled the artificial intelligence spending boom remains on track. The S&P 500 Index was up 0.3% as of 9:35 a.m. in New York, after notching its seventh winning week in the last nine. The Nasdaq 100 Index adv…
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
