Overview

• OpenAI and AMD announced a multi-year supply deal that will deploy hundreds of thousands of GPUs totaling roughly six gigawatts, beginning with an initial one‑gigawatt build using AMD’s MI450 chips from the second half of 2026.
• The arrangement grants OpenAI warrants for up to 160 million AMD shares—approximately a 10% stake—exercisable in tranches tied to deployment milestones and other conditions.
• Markets reacted sharply to the news, with AMD shares jumping about 25% to nearly 35% in early trading as Nvidia slipped roughly 1%.
• AMD executives said the pact positions the company for significant new business, projecting more than $100 billion in revenue over four years from OpenAI and other clients, as OpenAI diversifies chip supply beyond its recently disclosed Nvidia arrangement.
• Separately, OpenAI released its GDPval study ranking 44 U.S. occupations with higher task‑level exposure to advanced models—Anthropic’s Claude Opus 4.1 outperformed humans in 47.6% of tests and OpenAI’s GPT5‑high in 38.8%—and industry reporting highlighted specialized AI credit‑risk agents with vendor‑reported accuracies above 70% in some segments.