AMD wins massive AI chip deal from OpenAI with stock sweetener
On Monday, AMD announced it will supply AI chips to OpenAI in a multi-year deal worth tens of billions of dollars annually that gives the ChatGPT creator an option to acquire up to 10 percent of the chipmaker’s stock for 1 cent per share, Reuters reports. The agreement covers hundreds of thousands of AMD’s AI graphics processing units over several years starting in the second half of 2026. The deal…