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OpenAI and AMD Announce Massive AI Partnership, Sending AMD Shares Soaring

Jonathan Raa / NurPhoto via Getty Images OpenAI's deal with AMD could see the AI startup have an almost 10% stake in the chip designer. KEY TAKEAWAYS OpenAI is committing to buying several generations of AI chips from AMD in a long-term deal that could see it take a stake in the Nvidia rival, the two companies announced Monday. AMD said the deal would yield "tens of billions in revenue," though the companies didn't disclose the cost of the transaction. OpenAI, the world's most valuable startup, is m ...