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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The startup makes another huge promise to secure access to AI-capable processors. The announcement closely links Open AI and AMD – and leaves important questions unanswered.
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.
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