OpenAI Partners with AMD in Multibillion-Dollar Chip Deal
Financial MarketsOpenAIUpdated 17 hours ago

OpenAI Partners with AMD in Multibillion-Dollar Chip Deal

OpenAI has entered a multibillion-dollar partnership with AMD, acquiring a 10% stake in the chipmaker. This collaboration will deploy 6 gigawatts of AI chips, significantly impacting the tech industry and potentially generating tens of billions in revenue. Both companies aim to enhance their roles in AI development, marking a pivotal moment for technological advancement.

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OpenAI signs multibillion-dollar chip deal with AMD
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OpenAI has signed a multibillion-dollar deal with AMD, allowing the AI company to purchase a 10% stake in the chipmaker. This partnership is significant as it not only strengthens OpenAI's position in the tech industry but also enhances AMD's role in the AI space, potentially leading to advancements in AI technology and hardware integration.
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OpenAI has partnered with Advanced Micro Devices (AMD) to deploy a significant amount of AI chips, totaling 6 gigawatts, over the coming years. This collaboration is expected to generate substantial revenue, potentially reaching tens of billions of dollars. AMD's CEO Lisa Su and OpenAI's President Greg Brockman shared insights on this exciting deal during their appearance on Bloomberg Tech, highlighting the innovative plans for financing and the impact this partnership could have on the tech industry.
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OpenAI is making a significant move by targeting a 10% stake in AMD through a multibillion-dollar chip deal. This strategic partnership aims to position OpenAI at the forefront of building a massive AI infrastructure, which is crucial for the future of artificial intelligence development. By collaborating with AMD, OpenAI not only strengthens its technological capabilities but also enhances its role in the rapidly evolving AI landscape, making this deal a pivotal moment for both companies.

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