United States chipmaker AMD will supply artificial intelligence chips to OpenAI in a multi-year agreement that could generate tens of billions of dollars in annual revenue and give the ChatGPT maker the option to acquire up to 10% of the company.
Shares of AMD surged more than 34% on Monday following the announcement, marking their biggest one-day gain in over nine years and adding roughly $80 billion to the company’s market value.
The deal underscores the AI sector’s soaring demand for computing power as companies race to develop systems that match or surpass human intelligence.
“We view this deal as transformative — not just for AMD, but for the industry’s dynamics,” said Forrest Norrod, AMD’s executive vice president.
The agreement deepens ties between OpenAI and one of Nvidia’s key rivals, following Nvidia’s own major investments in the company.
Analysts say the move is a strong vote of confidence in AMD’s chips and software, though it is unlikely to threaten Nvidia’s market dominance.
AMD expects the partnership to bring in tens of billions annually and more than $100 billion in new revenue over four years from OpenAI and other clients. The company is forecast to post $32.78 billion in revenue this year, compared with Nvidia’s projected $206.26 billion.
“AMD has really trailed Nvidia for quite some time, so this helps validate their technology,” said Leah Bennett, chief investment strategist at Concurrent Asset Management. Nvidia shares slipped over 1% after the news.
The United Nations World Food Programme (WFP) said Friday that its life‑saving food and nutrition assistance in Somalia could end by April without u...
Quentin Griffiths, co-founder of online fashion retailer ASOS, has died in Pattaya, Thailand, after falling from the 17th floor of a condominium on 9 ...
UK politicians have renewed calls for Andrew Mountbatten-Windsor, formerly Prince Andrew, to be removed from the line of succession following his arre...
Hungary announced on Friday it is blocking a $106 billion (€90 billion) European Union loan intended to support Ukraine’s 2026–2027 budget and m...
Day 14 of the Milano Cortina 2026 Winter Olympics delivered high-flying finals and emotional podium celebrations. From the halfpipe in Livigno to the ...
The Pentagon has threatened to designate artificial intelligence firm Anthropic as a “supply chain risk” amid a dispute over the military use of its Claude AI model, according to a report published Monday.
ByteDance will take steps to prevent the unauthorised use of intellectual property on its artificial intelligence (AI) video generator Seedance 2.0, the Chinese technology firm said on Monday.
Alphabet is emerging as a frontrunner in the global artificial intelligence race, as analysts and executives say Google has overtaken OpenAI, marking a sharp reversal from a year ago when the company was widely seen as lagging.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
Israel is preparing for the possibility of receiving a green light from the United States to launch strikes against Iran’s ballistic missile system, according to Israel’s public broadcaster KAN.
U.S. President Donald Trump’s 'Board of Peace' will hold its first leaders’ meeting on Thursday (19 February) in Washington, D.C., launching an initiative aimed at stabilising Gaza and addressing global conflicts. It's drawn support from regional powers but refusals from several EU countries.
Quentin Griffiths, co-founder of online fashion retailer ASOS, has died in Pattaya, Thailand, after falling from the 17th floor of a condominium on 9 February, Thai police confirmed.
The Board of Peace will be "looking over the United Nations," said U.S. President Donald Trump at the inaugural Washington meeting, where representatives from over 20 countries gathered to unveil plans for Gaza’s reconstruction and coordinate international support.
At least four people have died and 17 others were injured after a liquid gas truck overturned and exploded in Santiago, Chile’s capital, authorities confirmed on Thursday. Police said the driver was among those killed.
NASA successfully completed a critical fueling rehearsal on Thursday (19 February) for its giant moon rocket, Artemis II, after earlier hydrogen leaks disrupted preparations for the next crewed lunar mission. The launch is scheduled for 6 March, according to the latest information from NASA.
ByteDance will take steps to prevent the unauthorised use of intellectual property on its artificial intelligence (AI) video generator Seedance 2.0, the Chinese technology firm said on Monday.
The formation of a black hole can be quite a violent event, with a massive dying star blowing up and some of its remnants collapsing to form an exceptionally dense object with gravity so strong not even light can escape.
BMW is recalling a mid six figure number of vehicles worldwide after identifying a potential fire risk linked to the starter motor.
British chipmaker Fractile will invest £100 million over the next three years to expand its artificial intelligence hardware operations in the UK, opening a new engineering facility in Bristol as it ramps up production of next-generation AI systems.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment