US EditionOpenAI Looks to Take 10% Stake in AMD Through AI Chip-Supply Deal Worth Billions
- 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.
246 Articles
246 Articles
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…
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…
Stargate isn’t big enough yet to make OpenAI-AMD-Nvidia work
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 Comment AMD has issued OpenAI a warrant for roughly 10 percent of its stock. In exchange, the AI model giant will work with its partners (such as Oracle) to deploy up to 6 gigawatts' worth of AMD GPUs.…
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
