Reported 2 days ago
OpenAI has made a substantial investment in AMD, resulting in a significant market cap increase for the chip manufacturer. This partnership seeks to maintain competition against Nvidia, especially as OpenAI also plans to invest heavily in Nvidia. Analysts speculate that this dual investment strategy may be aimed at avoiding monopoly conditions in the chip industry, fostering innovation, and ensuring a diverse AI supply chain amidst rising competition.
Source: YAHOO