OpenAI Looks to Take 10% Stake in AMD Through AI Chip-Supply Deal Worth Billions

AMD shares surge after signing AI chip supply deal with OpenAI

Advanced Micro Devices (AMD) will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10 per cent of the chipmaker. Shares of the chipmaker surged 24 per cent on Monday, adding roughly US$63 billion to the company’s market value. The deal, latest in a string of investment commitments, underscores OpenAI a…

OpenAI, AMD sign massive chips deal

OpenAI inked a deal with chip designer AMD to collaborate on AI data centers, in a challenge to semiconductor giant Nvidia. The deal, which caused AMD’s stock to soar, reflects the tech sector’s intensifying quest for computing power and ultimately banks on a “near-limitless demand for AI,” WIRED wrote: Running AMD’s processors will match the energy needs of 5 million American homes. The US has become “one big bet on AI,” as optimism over the se…

AMD Inks Huge Compute Power Deal With OpenAI, Mirroring Nvidia’s Move

Nvidia may be dominating the graphics processing unit (GPU) market right now, but its closest rival, AMD, is catching up. Today, (Oct. 6), AMD announced a landmark collaboration with OpenAI that mirrors a recent deal between OpenAI and Nvidia. Under the agreement, AMD will deploy six gigawatts of computing power to OpenAI, which will in turn have the option to acquire up to 10 percent of AMD’s stock—a stake worth roughly $33 billion now after th…

OpenAI adds a chip partner — and gets a little leverage

OpenAI’s six-gigawatt pact with AMD turns the perennial runner-up into a real contender — and could quietly rewrite AI’s hardware hierarchy

AMD’s shares surge on deal to supply AI chips to OpenAI

The deal also gives the ChatGPT creator the option to buy upto 10 percent of AMD.

Stargate isn’t big enough yet to make OpenAI-AMD-Nvidia work

Comment: Since revealing Stargate in January, Altman and friends have brought about 200 MW online - they'll need at least 16 GW to claim their red and green prize