OpenAI and Advanced Micro Devices (AMD) have reached a groundbreaking deal that could see Sam Altman’s company take a 10 percent stake in the chipmaker. The deal comes shortly after OpenAI signed a massive deal with Nvidia, the dominant player in the AI chip arena.
CNBC reports that the partnership, which was announced on Monday, has caused AMD stock to skyrocket by more than 28 percent in morning trading. Under the terms of the agreement, OpenAI will deploy six gigawatts of AMD’s Instinct graphics processing units (GPUs) over multiple years and across multiple generations of hardware. The rollout will commence with an initial 1-gigawatt…
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