Tuesday, 7 October, 2025
OpenAI Secures 10% Stake Option in AMD Through $100B AI Chip Deal
AMD has entered a multi-year agreement to supply OpenAI with AI chips, potentially generating tens of billions in annual revenue. The deal includes warrants allowing OpenAI to acquire up to 10% of AMD at $0.01 per share, contingent on specific milestones. This partnership aims to meet the growing demand for AI infrastructure, with OpenAI planning to deploy 6 gigawatts of computing power using AMD's chips.
Read full story at Reuters