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Is OpenAI's New Chip Deal a Game-Changer for AI Infrastructure?
Description
OpenAI and AMD announced an agreement for AMD to supply its Instinct MI450 chips to OpenAI, providing up to 6 gigawatts of computing power for AI infrastructure, with the first batch scheduled for deployment in 2026. OpenAI has the option to acquire up to a 10 percent stake in AMD through a warrant for 160 million shares, contingent on computing milestones and share price targets. AMD shares rose 25 percent following the news, while Nvidia shares declined slightly. OpenAI recently announced a separate $100 billion partnership with Nvidia to expand data center computing power, and analysts indicate the AMD deal reflects the rising demand for AI compute resources.
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