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The Guardian - US

Technology

Guardian staff and agency

OpenAI signs multibillion-dollar chip deal with AMD

AMD OpenAI Sam Altman ChatGPT

a man and women side by side — OpenAI’s CEO, Sam Altman, and Lisa Su, chair and CEO of AMD. Photograph: Yuichi Yamazaki/AFP/Getty Images

OpenAI and the chipmaker AMD announced on Monday that they had signed a multibillion-dollar chip deal that would also give the ChatGPT creator the option to buy a large stake in the chipmaker.

The deal offers OpenAI an opportunity to buy 10% in AMD and marks a major vote of confidence in the company’s AI chips and software. Shares of AMD surged more than 30% and added about $80bn to its market capitalization after the announcement.

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