OpenAI and AMD announce multi-billion dollar chip agreement

Jinse Finance reported that OpenAI and a certain chip design company exchange have announced a multi-billion dollar partnership to jointly develop AI data centers that will run on the exchange's processors. According to the terms of the agreement, OpenAI has committed to purchasing chips from the exchange equivalent to 6 gigawatts of computing power, starting with the MI450 chips next year. OpenAI will acquire the chips either directly or through its cloud computing partners. The exchange's CEO said in an interview on Sunday that this deal will bring the exchange tens of billions of dollars in new revenue over the next five years. The two companies did not disclose the expected total cost of the plan, but the exchange stated that the cost per gigawatt of computing power could reach several billion dollars. If OpenAI reaches certain deployment milestones, it will receive up to 160 million warrants for the exchange's shares in phases at a price of $0.01 per share, representing about 10% of the chip company. In addition, the exchange's stock price must rise for the warrants to be exercised.