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OpenAI and AMD are closing one of the largest deals in the history of artificial intelligence! ‼️
The WSJ reports that OpenAI signed a massive computing agreement with $AMD, which is expected to redefine the balance of power in the chip industry! 🔥
Key terms of the agreement: 🟰 AMD will supply OpenAI with hundreds of thousands of AI chips over four years. 🟰 OpenAI received an option to purchase up to 10% of AMD shares — at a symbolic price of just 1 cent per share! 😮
AMD expects the agreement to add tens of billions of dollars in annual revenue, representing a huge strategic leap compared to competitors. 📈
Market reaction: $AMD stock surges +24% in pre-market trading, approaching an all-time high 🔼
$NVDA stock drops by about 1.5%, and $INTC weakens by about 1.8%, as the market realizes the cards are being reshuffled. 🔽
This is a move that makes AMD a popular player in the AI field — and perhaps, in the future, even a worthy rival in the decade's 'AI war'? 🏎