AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake

SAN FRANCISCO: AMD said on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.

The latest deal, among a string of investment commitments, is a testament to OpenAI and the broader AI industry’s voracious appetite for computing power as companies race toward developing AI technology that meets or exceeds human intelligence.