AMD-OpenAI multi-billion-dollar deal challenges Nvidia’s dominance

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Advanced Micro Devices (AMD) on Monday announced a landmark multi-billion-dollar agreement with OpenAI and turned up the heat on Nvidia, which currently dominates the chips space. The partnership sent AMD shares rallying over 25% in early trading.

Deal contours

According to a joint statement, AMD will provide OpenAI with the latest version of its high performance graphics chips expected to debut next year.

It calls for supplying 6 gigawatts of computing power for OpenAI’s next generation AI infrastructure, with the first gigawatt coming online in the…



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AMD-OpenAI multi-billion-dollar deal challenges Nvidia’s dominance



Advanced Micro Devices (AMD) on Monday announced a landmark multi-billion-dollar agreement with OpenAI and turned up the heat on Nvidia, which currently dominates the chips space. The partnership sent AMD shares rallying over 25% in early trading.

Deal contours

According to a joint statement, AMD will provide OpenAI with the latest version of its high performance graphics chips expected to debut next year.

It calls for supplying 6 gigawatts of computing power for OpenAI’s next generation AI infrastructure, with the first gigawatt coming online in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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