""This partnership is a major step in building the compute capacity needed to realize AI's full potential," Sam Altman, cofounder and CEO of OpenAI, said in the Monday announcement. The move provides a significant boost to AMD against Nvidia, which is the dominant player in the AI chip market. It also gives OpenAI the opportunity to take a roughly 10% stake in AMD, with shares vesting as the companies hit deployment targets and AMD hits share price targets."
"The multi-year deal, announced Monday, will see OpenAI deploy 6 gigawatts of AMD GPUs, with the first 1 gigawatt deployment set to begin in the second half of 2026. "AMD's chief financial officer, Jean Hu, said the deal is expected to deliver "tens of billions of dollars in revenue" for the company. AMD's share price was up as much as 27% in premarket trading on Monday."
AMD agreed to a multi-year partnership to supply AI GPUs to OpenAI, with a total deployment of 6 gigawatts and an initial 1 gigawatt roll-out beginning in the second half of 2026. The agreement includes an option for OpenAI to take roughly a 10% stake in AMD tied to deployment and share-price targets. AMD's CFO forecasted the deal could deliver tens of billions of dollars in revenue. AMD's share price rose as much as 27% in premarket trading after the announcement. The deal increases competition with Nvidia and aims to expand compute capacity for AI.
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