Semiconductor maker AMD will supply its chips to ChatGPT maker OpenAI as part of an agreement to team up on building artificial intelligence infrastructure, the companies said Monday. According to a joint statement announcing the deal, AMD will provide OpenAI with the latest version of its high performance graphics chips expected to debut next year. It calls for supplying 6 gigawatts of computing power for OpenAI&rsquo;s &ldquo;next generation&rdquo; AI infrastructure, with the first gigawatt coming online in the second half of 2026. AMD also issued OpenAI with a warrant allowing the AI company to buy up to 160 million shares of AMD&rsquo;s common stock, which amounts to about 10% of company. The warrant will vest based on two milestones tied to the amount of computing power deployed. &ldquo;This partnership is a major step in building the compute capacity needed to realize AI&rsquo;s full potential,&rdquo; OpenAI CEO Sam Altman, said in a news release. &ldquo;AMD&rsquo;s leadership in high-performance chips will enable us to accelerate progress and bring the benefits of advanced AI to everyone faster.&rdquo; The agreement is a boost for Santa Clara, Calif.-based AMD, which has been left behind by rival Nvidia. The AI boom has fuelled demand for Nvidia&#39;s graphics processing chips, sending its shares soaring and making it the world&#39;s most valuable company.

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AMD will supply high-performance chips to OpenAI under a new partnership to build next-generation AI infrastructure, providing 6 gigawatts of computing power by 2026. OpenAI also received rights to purchase up to 10% of AMD shares.

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OpenAI and chipmaker AMD sign supply partnership for AI infrastructure