For AMD, this partnership will be one of the biggest agreements in the field of data centers. The company provided Openai warrants for the purchase of 160 million shares that will be distributed as reaching technical and market targets. Among the conditions, the increase in the value of AMD shares, which was traded at $ 164 last week, and as a result, the news rose to $ 200.
The transaction will allow AMD to strengthen the positions in the AIS market with NVIDIA. This year, the AMD revenue, one of the artificial intelligence chips, is estimated to be $ 6.55 billion, but thanks to the company Openai, this figure expects more than 100 billion in the future.
For Openai, cooperation makes it possible to diversify equipment supply and reduce dependence on NVIDIA. The first systems based on the AMD instinct MI450 chips will be introduced in the second half of the next year.
Source: Ferra
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