Reported 2 days ago
Famed short-seller Jim Chanos has raised concerns about the revenue implications of Advanced Micro Devices Inc. (AMD) partnering with OpenAI. He argues that if AMD is providing equity warrants worth tens of billions of dollars, the company should expect to gain more than that amount in revenue. Chanos also questions the broader narrative of unlimited demand for computing power in AI, suggesting that the deal's structure might not be as beneficial for AMD's shareholders as advertised.
Source: YAHOO