Overview

• OpenAI and AMD signed a binding, multiyear agreement to deploy hundreds of thousands of GPUs totaling about six gigawatts beginning in the second half of 2026, starting with a one‑gigawatt build on AMD’s MI450 chips.
• AMD granted OpenAI a milestone‑based warrant to buy up to roughly 160 million AMD shares at a nominal price, with tranches vesting as deployment and technical and commercial targets are reached.
• AMD shares jumped roughly 20–35% in early trading following the announcement, while company leaders forecast tens of billions in revenue and more than $100 billion over four years when including spillover demand.
• The arrangement follows OpenAI’s recently announced Nvidia program and is viewed as a major competitive win for AMD that reduces OpenAI’s reliance on a single chip supplier.
• Alongside the infrastructure push, OpenAI published its GDPval study flagging 44 U.S. professions with high task‑level exposure to advanced AI and pledged tighter copyright controls for Sora 2, as industry adoption favors specialized models in regulated finance tasks.