"Specifically, the partnership sees OpenAI committing to buying 6 gigawatts of AMD GPU chips, with the initial gigawatt deployment scheduled for the second half of 2026. The deal will ultimately see OpenAI deploy the remaining gigawatts over multiple years and multiple hardware generations. The deal also sees AMD issuing a warrant for as many as 160 million shares of AMD stock to OpenAI. Those shares are structured to vest in the event that "specific milestones are achieved," the company said."
"The deal was a hit on Wall Street, as AMD shares hit the stratosphere-at the market open on Monday, shares briefly topped $220.44, an increase of more than 34% from pre-trading. As of roughly 11 am ET, however, shares had fallen slightly but were still up more than 27%. "This partnership is a major step in building the compute capacity needed to realize AI's full potential," said Sam Altman, co-founder and CEO of OpenAI, in a company release."
""We are thrilled to partner with OpenAI to deliver AI computers at a massive scale," said Dr. Lisa Su, chair and CEO of AMD, in a corresponding release. "This partnership brings the best of AMD and OpenAI together to create a true win-win, enabling the world's most ambitious AI buildout and advancing the entire AI ecosystem.""
OpenAI committed to purchasing 6 gigawatts of AMD GPU chips, with the first gigawatt slated for deployment in the second half of 2026. The remaining gigawatts will be deployed over multiple years and across multiple hardware generations. AMD will issue a warrant for up to 160 million shares to OpenAI, with those shares vesting if specific milestones are achieved, potentially giving OpenAI a roughly 10% stake. AMD shares jumped sharply on the news, rising as much as 34% at market open before settling higher. The partnership aims to scale compute capacity amid competition with Nvidia.
Read at Fast Company
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