SAN FRANCISCO (Realist English). OpenAI has struck a sweeping deal with Advanced Micro Devices (AMD) that could see the ChatGPT developer acquire up to 10% of the chipmaker, as part of a multiyear partnership to deploy next-generation artificial intelligence hardware.
Shares of AMD surged 23.7% on Monday following the announcement, marking their biggest one-day gain in years.
Under the agreement, OpenAI will deploy 6 gigawatts of AMD’s Instinct graphics processing units (GPUs) across several hardware generations, beginning with a 1-gigawatt rollout in the second half of 2026, the companies said.
“This is so core to our mission,” said Greg Brockman, OpenAI’s president, on CNBC. “If we really want to scale and reach all of humanity, this is what we have to do.” Brockman added that limited computing capacity has already forced OpenAI to delay the launch of new ChatGPT features and other potentially profitable products.
As part of the deal, AMD issued OpenAI a warrant for up to 160 million shares of its common stock. The vesting milestones are tied to GPU deployment volumes and AMD’s share price. The first tranche will vest after the full 1-gigawatt deployment, with subsequent tranches unlocking as OpenAI scales to 6 gigawatts and achieves key technical and commercial benchmarks.
If OpenAI exercises the entire warrant, it could own roughly 10% of AMD, based on the company’s current outstanding shares. OpenAI said the deal is worth “billions,” but declined to disclose specific financial terms.
AMD Chief Executive Lisa Su described the collaboration as a “foundational step” for the AI industry. “At the end of the day, you need the compute power to make this all happen,” she said. “Partnerships like this are critical to bringing the ecosystem together and delivering the best technologies.”
The partnership positions AMD as a major supplier in OpenAI’s rapidly expanding infrastructure plan — one that already includes a $100 billion equity-and-supply deal with Nvidia, announced earlier this month. That agreement gave Nvidia a stake in OpenAI and committed the company to provide 10 gigawatts of GPU capacity.
Combined with the AMD rollout, OpenAI has now pledged nearly $1 trillion in new infrastructure spending as it races to build out its 23-gigawatt global compute network, according to internal estimates.
The deal also underscores the growing interdependence of the AI ecosystem, where a handful of technology giants are increasingly tied together through overlapping equity, capital, and supply relationships.
Nvidia is investing in OpenAI to finance chip demand. Oracle is helping construct data centers. Broadcom is in talks to build custom AI chips. And now AMD is providing large-scale compute capacity — in a circular system that analysts warn could face pressure if any link in the chain falters.
OpenAI’s multibillion-dollar partnerships, combined with the unprecedented scale of its planned infrastructure, mark a new phase in the global race to dominate the computing backbone of artificial intelligence.
