OpenAI and AMD announced a billion-dollar chip bill: the former shares up to 10%

OpenAI and AMD announced a multi-billion-dollar cooperation agreement to develop an AI data centre based on the AMD processor, which is the most direct challenge to date for the industry leader, Britain; under the terms of the agreement, the AMD will provide hundreds of thousands of artificial intelligence chips to OpenAI in a four-year agreement, which will first purchase a MI450 chip starting next year. OpenAI will purchase the chips directly or through its cloud computing partners. In addition, OpenAI obtained an AMD equity certificate allowing it to purchase a share of up to 101 TP3T of the chip manufacturer at a cost of 1 cent per share. AMD CEO Susifou indicated that the deal would bring new revenues of tens of billions of dollars to the chip company over the next five years. "The New Wave"