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OpenAI signs multibillion-dollar agreement with chipmaker AMD
The Guardian
|October 07, 2025
OpenAI and the chipmaker AMD announced yesterday 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 is 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 capitalisation after the announcement.
"We view this deal as certainly transformative, not just for AMD, but for the dynamics of the industry," said Forrest Norrod, AMD's executive vice-president.
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