Reported 1 day ago
After AMD expanded its partnership with OpenAI, analysts revealed that OpenAI will use AMD's own stock warrants to finance its billions in chip purchases, instead of using its revenues. AMD granted OpenAI stock options that will vest based on specific milestones, potentially allowing OpenAI to leverage AMD's stock value, projected to reach $100 billion. This unique arrangement aims to boost AMD's market presence while also validating the capabilities of its AI GPUs for other clients.
Source: YAHOO