Latest / Chips, compute and energy
OpenAI signs 6GW AMD GPU deal and gets warrant for up to 160m AMD shares
OpenAI agreed to deploy 6GW of AMD Instinct GPUs over several generations, starting with 1GW of MI450 chips from the second half of 2026. AMD issued OpenAI a warrant for up to 160 million AMD shares that vests in tranches as deployments scale and as AMD's share price and other milestones are hit; it followed OpenAI's 10GW letter of intent with NVIDIA in September 2025.
Why it matters
It gave OpenAI a second large GPU supplier and showed compute deals being paid for partly in supplier equity, a circular financing pattern that investors now scrutinise.
Line of Thought
Follow this story
Pick any item to keep going. Your path builds up above as a line you can share.
Curated lines through this story
Directly linked
Connections our researchers recorded
- DevelopmentAnthropic secures multiple gigawatts of Google TPU capacity with Broadcom from 20276 Apr 2026 · Deal · USContrasts with: Rival labs diversifying away from NVIDIA via different suppliers
- DevelopmentOpenAI, SoftBank, Oracle and MGX launch $500bn Stargate data-centre venture21 Jan 2025 · Deal · USSame programme: Chips to fill OpenAI's Stargate build-out
What led here
Earlier developments on the same thread
- DevelopmentChina's market regulator finds preliminary NVIDIA antitrust breach over Mellanox deal15 Sep 2025 · Enforcement or ruling · CN, US
- DevelopmentChina's internet regulator summons NVIDIA over alleged security risks in H20 chips31 Jul 2025 · Enforcement or ruling · CN, US
- DevelopmentWhite House publishes America's AI Action Plan and three executive orders23 Jul 2025 · Policy · US
- DevelopmentStargate UAE: 1GW OpenAI cluster planned in Abu Dhabi, first 200MW due in 202622 May 2025 · Deal · AE, US
What happened next
Later developments on the same thread
- DevelopmentMeta signs nuclear deals with Vistra, TerraPower and Oklo for up to 6.6GW by 20359 Jan 2026 · Deal · US
- DevelopmentUS opens case-by-case H200 licences for China and adds 25% tariff on such chips15 Jan 2026 · Rule change · US, CN
- DevelopmentEmerald AI, Google and NVIDIA form alliance for grid-flexible AI data centres16 Sep 2026 · Launch · US
- DevelopmentKansas City Fed's Schmid asks whether the AI ecosystem is becoming too big to fail25 Sep 2026 · Statement · US
Same story elsewhere
What other countries and bodies did on this
- DevelopmentEU opens call for up to seven AI gigafactories in at least seven member states30 Jul 2026 · Programme · EU
- DevelopmentHuawei sets yearly Ascend AI-chip roadmap and 8,192-chip Atlas 950 SuperPoD18 Sep 2025 · Launch · CN
- DevelopmentBank of England flags AI debt boom, circular financing and AI cyber threat7 Jul 2026 · Report · GB
- DevelopmentFSB says AI monitoring in finance is immature, flags supplier concentration10 Oct 2025 · Report · INTL
Rules in play
Laws and guidance this touches
- RuleAI Action PlanUS · In force · 23 Jul 2025
Threads by topic: Chips Data centres Investment and financing