Summary
OpenAI has partnered with AMD to boost its AI infrastructure. AMD will supply its advanced chips to OpenAI, which might purchase up to a 10% stake in AMD. This partnership aims to enhance OpenAI's computing power for AI development.
Key Facts
- AMD will provide chips to OpenAI for building AI infrastructure.
- OpenAI has the option to buy up to a 10% stake in AMD.
- OpenAI will purchase AMD's new Instinct MI450 chips, expected next year.
- The deal includes supplying 6 gigawatts of computing power, starting in 2026.
- AMD issued a warrant for OpenAI to buy up to 160 million of its shares.
- Shares of AMD rose 25% while Nvidia's shares dipped slightly.
- The collaboration signals OpenAI's effort to diversify its chip suppliers beyond Nvidia.
