OpenAI and AMD Strike Multibillion-Dollar Chip Partnership

OpenAI and AMD announced a multibillion-dollar partnership on Monday for AI data centers running on AMD processors. OpenAI committed to purchasing 6 gigawatts worth of AMD's MI450 chips starting next year through direct purchases or through its cloud computing partners. AMD chief Lisa Su said the deal will result in tens of billions of dollars in new revenue over the next half-decade. OpenAI will receive warrants for up to 160 million AMD shares at 1 cent per share, representing roughly 10% ...