2 Min Ago
OpenAI strikes another big infrastructure deal, this time with AMD
Early Monday, OpenAI announced a deal with Advanced Micro Devices that sent the chipmaker’s stock soaring more than 30%.
OpenAI will deploy 6 gigawatts of AMD’s Instinct graphics processing units over several years, the companies said. AMD has also issued OpenAI a warrant for up to 160 million shares of AMD common stock with vesting milestones tied to both deployment volume and AMD’s share price.
“We need as much computing power as we can possibly get,” OpenAI President Greg Brockman told CNBC in an interview on Monday.
— Ashley Capoot
2 Min Ago
Altman teases DevDay in a post on X
Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.
David A. Grogan | CNBC
Altman hyped DevDay 2025 in a post on X, writing in his signature lowercase style.
— Ashley Capoot