Big Deal with OpenAI: The AI Company Will be Using the new MI450 Series from AMD

Advanced Micro Devices (AMD;i) solidified its position as a beneficiary in AI on Monday (October 6). OpenAI and AMD have entered into a billion-dollar partnership in the field of AI data centers. OpenAI commits to acquiring chips amounting to 6 gigawatts from AMD's new MI450 series. In return, OpenAI receives warrants for up to 160 million AMD shares — approximately 10% of the company — at a price of just 1 cent per share, contingent upon achieving certain implementation milestones. The five-year agreement is considered AMD's biggest success...