Reported 3 days ago
OpenAI has entered a significant partnership with AMD, committing to purchase AI chips that could lead to OpenAI acquiring nearly a 10% stake in the chip manufacturer. This long-term agreement is projected to generate tens of billions in revenue for AMD, as it positions itself as a competitor to Nvidia. Following the announcement, AMD's shares surged over 30%, reflecting strong investor confidence. The deal is expected to bolster OpenAI's AI infrastructure while enhancing AMD's earnings potential.
Source: YAHOO