OpenAI and AMD announce signing of a chip protocol worth billions of dollars.

[OpenAI and AMD Announce Chip Protocol Worth Billions] OpenAI and chip design company AMD(AMD.O) have announced a partnership worth billions of dollars to jointly develop an artificial intelligence data center that will run on AMD processors. Under the terms of the protocol, OpenAI has committed to purchasing AMD chips equivalent to 6 gigawatts of Computing Power, starting with next year's MI450 chip. OpenAI will purchase chips directly or through its cloud computing partners. AMD's CEO said in an interview on Sunday that this deal will bring hundreds of billions of dollars in new revenue to AMD over the next five years. The two companies did not disclose the expected total cost of the plan, but AMD stated that the cost per gigawatt of computing power could reach hundreds of billions of dollars. If OpenAI meets certain deployment milestones, it will receive warrants to purchase up to 160 million shares of AMD stock at a price of 1 cent per share, representing about 10% of the chip company. Additionally, AMD's stock price must rise for the warrants to be exercised.