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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139 Articles
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.
AMD signs AI chip-supply deal with OpenAI, shares surge | Honolulu Star-Advertiser
SAN FRANCISCO >> 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% of the chipmaker.
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.…
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