OpenAI partners with AMD to build AI infrastructure; gains option to buy 10% stake in chipmaker

Updates stock movement after market close OpenAI and chipmaker AMD sign chip supply partnership for AI infrastructure Semiconductor maker AMD will supply its chips to artificial intelligence company OpenAI as part of an agreement to team up on building AI infrastructure, the companies said Monday.

OpenAI will also get the option to buy as much as a 10% stake in AMD, according to a joint statement announcing the deal. It’s the latest deal for the ChatGPT maker as it races to beef up its AI computing resources.