AMD has made headlines by striking a significant deal to supply AI chips to OpenAI, the creator of ChatGPT. This partnership marks a pivotal moment in the tech industry, as both companies aim to accelerate advancements in artificial intelligence.
Key Details of the AMD-OpenAI Deal
Under the agreement, OpenAI not only becomes a major customer for AMD’s cutting-edge AI chips but also secures the option to purchase up to 10 percent of AMD. This move could strengthen OpenAI’s position in the AI race and further fuel the development of next-generation AI models.
Impact on AMD’s Market Performance
The news of the deal caused AMD’s shares to surge on the stock market. Investors are optimistic about AMD’s growing presence in the AI hardware sector, especially as demand for AI computing power continues to explode. The partnership with OpenAI could pave the way for more collaborations and innovations in the AI ecosystem.
Sources:
Al Jazeera: AMD’s shares surge on deal to supply AI chips to OpenAI
