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.
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AMD has agreed to a multibillion-dollar partnership to supply OpenAI with its Artificial Intelligence chips. The multi-year deal, announced Monday, will see OpenAI deploy 6 gigawatts of AMD GPUs, with the first deployment of 1 gigawatt set to begin in the second half of 2026. "This partnership is a major step in building the computing capacity needed to realize the full potential of AI," said Sam Altman, co-founder and CEO of OpenAI, in the anno…
US stocks tick toward records as OpenAI announces multi-billion dollar partnership with AMD
AMD helped lead the market and soared 26.9% after announcing a deal where OpenAI will use its chips to power artificial-intelligence infrastructure. As part of the deal, OpenAI could own up to 160 million shares of AMD if it hits certain milestones.
Sam Altman, CEO of OpenAI, has said that the biggest constraint to his company's growth is access to computing power.
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