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Advanced Micro Devices (AMD) on Monday announced a landmark multi-billion-dollar agreement with OpenAI and turned up the heat on Nvidia, which currently dominates the chips space. The partnership sent AMD shares rallying over 25% in early trading.
Deal contours
According to a joint statement, 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’s next generation AI infrastructure, with the first gigawatt coming online in the…
