AMD and OpenAI Forge Strategic AI Partnership
AMD and OpenAI have entered into a strategic partnership whereby AMD will supply chips for OpenAI's AI infrastructure. The deal includes an option for OpenAI to buy a 10% stake in AMD. This collaboration aims to enhance AI computing power and diversify away from Nvidia's dominance.
- Country:
- United States
Semiconductor giant AMD has announced a strategic partnership with artificial intelligence company OpenAI. The collaboration will see AMD supplying high-performance chips to support AI infrastructure development, as stated by both companies on Monday.
This landmark deal offers OpenAI the opportunity to acquire up to a 10% equity stake in AMD. Under the agreement's terms, OpenAI will purchase AMD's latest high-performance graphics chips, the Instinct MI450, slated for market release next year. The agreement also entails the delivery of 6 gigawatts of computing power for OpenAI's next-gen AI infrastructure.
AMD has issued OpenAI a warrant allowing the purchase of up to 160 million shares of AMD stock, equivalent to a 10% company share. This partnership represents a significant boost for AMD amid fierce competition with Nvidia. It also marks OpenAI's strategic move to diversify its supply chain as the demand for AI technology climbs.
(With inputs from agencies.)
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