OpenAI Strikes 6GW GPU Deal With AMD

OpenAI struck a multibillion-dollar, multiyear partnership with AMD to deploy up to six gigawatts of AMD Instinct GPUs over several years, beginning with a one‑gigawatt rollout in the second half of 2026. The deal designates AMD as a core compute partner and includes joint hardware and software development and rack‑scale AI solutions to align roadmaps and optimize performance. AMD issued OpenAI warrants for up to 160 million shares that vest on deployment, commercial and share‑price milestones and could translate into roughly a 10% stake if exercised. AMD executives said the pact could generate “tens of billions” in revenue, and AMD shares jumped roughly 27–34% on the news. The agreement complements OpenAI’s reported $100 billion chips arrangement with Nvidia, is intended to reduce supplier concentration and address compute bottlenecks needed to scale advanced AI, and analysts say it could materially reshape the GPU and data‑center landscape. Markets broadly rallied to record highs on the news even as some commentators cautioned about speculative trading risks.