OpenAI signs multibillion-dollar chip deal with AMD
by Guardian staff and agency from on (#70J7M)
The deal offers the ChatGPT maker an opportunity to buy a 10% stake in chipmaker AMD
OpenAI and the chipmaker AMD announced on Monday that they had signed a multibillion-dollar chip deal that would also give the ChatGPT creator the option to buy a large stake in the chipmaker.
The deal offers OpenAI an opportunity to buy 10% in AMD and marks a major vote of confidence in the company's AI chips and software. Shares of AMD surged more than 30% and added about $80bn to its market capitalization after the announcement.
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