OpenAI-AMD deal leaves Nvidia CEO Jensen Huang ‘surprised’, says ‘it’s imaginative, it’s unique and…’

Nvidia CEO Jensen Huang has had his say on the major chip partnership between rival AMD and OpenAI, expressing surprise that AMD offered OpenAI up to a 10% ownership stake as part of the multibillion-dollar deal. The AMD-OpenAI deal announced this week involves OpenAI committing to purchase 6 gigawatts worth of AMD chips over multiple years, including the forthcoming MI450 series. As part of the agreement, OpenAI will receive warrants for up to 160 million AMD shares. If OpenAI exercises the full warrant based on deployment volume and AMD’s share price, the AI firm could acquire roughly 10% ownership in AMD.

“It’s imaginative, it’s unique and surprising, considering they were so excited about their next generation product,” Huang said in an interview with CNBC.