AMD to supply 6GW of compute capacity to OpenAI in chip deal worth tens of billions
1. AMD signed a deal with OpenAI for multi-year chip supplies. 2. The agreement includes providing 6 gigawatts of compute capacity. 3. AMD's MI450 GPU series is expected to outperform Nvidia's offerings. 4. OpenAI can acquire up to 160 million AMD shares based on performance. 5. AMD's stock gained nearly 35% following the announcement.