6-gigawatt handshake: AMD joins OpenAI’s trillion-dollar AI plan

OpenAI has entered a landmark multi-year agreement with AMD to deploy up to 6 gigawatts of AMD Instinct GPUs, marking one of the largest GPU deployment deals in AI history. The partnership will start with a 1-gigawatt rollout of AMD’s upcoming MI450 GPUs in late 2026 and scale to 6 gigawatts over multiple hardware generations, powering OpenAI’s future AI models and services. This collaboration builds on their existing relationship involving AMD’s MI300X and MI350X GPUs, with both companies committing to jointly advance AI hardware and software through shared technical expertise. Following the announcement, AMD’s stock surged nearly 24%, reflecting strong market confidence. A significant component of the deal includes an equity arrangement whereby OpenAI received a warrant for up to 160 million AMD shares, potentially giving OpenAI about a 10% stake in AMD if fully exercised. The warrant vests in stages tied to deployment milestones and AMD’s stock price. Although the exact financial terms