OpenAI and AMD Forge Groundbreaking 6 GW AI Chip Partnership, OpenAI May Secure 10% Stake OpenAI and AMD have announced a landmark multi‑year strategic agreement under which AMD will supply up to 6 gigawatts of GPU compute capacity to OpenAI over several hardware generations. he first tranche—1 gigawatt of AMD’s upcoming Instinct MI450 series GPUs—will begin deployment in the second half of 2026. To align incentives, #AMD has granted #OpenAI warrants for up to 160 million AMD shares, at a nominal strike price, vesting in phases based on deployment milestones and AMD share‑price performance targets. If fully exercised, these shares could represent around 10 % ownership in AMD. AMD anticipates that this partnership will generate "tens of billions" in revenue per year, and expects over USD 100 billion in new revenue over the next four years (including from other customers leveraging similar scale) as a ripple effect. Market reaction was swift and dramatic. AMD shares leapt 20% to 30%+ in premarket trading following the announcement. ome reports pegged gains at over 23% or more than 30%. This deal marks a pivotal shift in OpenAI’s compute strategy—augmenting and diversifying its chip sourcing beyond conventional reliance on Nvidia. It also tightens AMD’s positioning as a meaningful contender in large‑scale AI infrastructure, signaling potential disruption to dominant dynamics in the AI semiconductor market. In commentary, OpenAI’s president Greg Brockman emphasized that “we need as much computing power as we can possibly get” to support increasing AI demands. Meanwhile, AMD CEO Lisa Su highlighted the strategic and economic alignment the deal generates across both companies. Challenges remain. The warrants only vest if strict technical, commercial, and stock‑price thresholds are met—some tranches require AMD to hit share prices as high as USD 600. Analysts note that funding, execution at scale, and supply chain constraints will test both parties.
