AMD stock skyrockets 25% as OpenAI looks to take stake in AI chipmaker
OpenAI and chipmaker Advanced Micro Devices (AMD) have announced a major partnership that could give OpenAI up to a 10% ownership stake in AMD. The deal involves OpenAI deploying 6 gigawatts of AMD’s Instinct GPUs over several years, beginning with a 1-gigawatt rollout in late 2026. AMD granted OpenAI a warrant for up to 160 million shares, with vesting tied to deployment milestones and AMD’s … Continue reading AMD stock skyrockets 25% as OpenAI looks to take stake in AI chipmaker
