OpenAI signs multibillion-dollar chip deal with AMD
OpenAI, the company behind the popular ChatGPT AI assistant, has signed a multibillion-dollar chip deal with semiconductor giant AMD. The deal allows OpenAI to purchase a 10% stake in AMD, a significant move that demonstrates AMD's importance in the AI hardware market. The agreement provides OpenAI access to AMD's cutting-edge chips and software, which will be crucial in powering its advanced AI models and applications. This partnership is seen as a vote of confidence in AMD's capabilities and the company's potential to play a vital role in the ongoing AI revolution. The announcement of the deal led to a surge in AMD's stock price, with the company's market capitalization increasing by approximately $80 billion. This highlights the growing demand and importance of AI-focused hardware in the technology industry.
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