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OpenAI and chipmaker AMD sign chip supply partnership for AI infrastructure
Business

OpenAI and chipmaker AMD sign chip supply partnership for AI infrastructure

  • The Associated Press

AMD is announcing a deal to supply its chips to OpenAI for building AI infrastructure. The agreement includes providing high-performance graphics chips for a total of 6 gigawatts of computing power for OpenAI's next-generation AI systems. The first gigawatt is expected to come online in the second half of next year. AMD has also issued OpenAI a warrant to buy up to 160 million shares of its stock, about 10% of the company. This deal is a boost for AMD, which has been trailing behind Nvidia, a favorite among AI companies for its graphics processing chips.

Trump says Intel agreed to give US a stake in its company
National

Trump says Intel agreed to give US a stake in its company

  • By MICHELLE L. PRICE and MICHAEL LIEDTKE Associated Press

President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past ties to China. The official announcement is expected to come later Friday, according to a White House official who was not authorized to speak publicly ahead of an announcement and spoke on condition of anonymity.

US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
National

US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement

  • The Associated Press

Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, President Donald Trump confirmed at a press conference on Monday. Trump's administration halted the sale of advanced computer chips to China back in April over national security concerns, but Nvidia and AMD revealed in July that Washington would allow them to resume sales of the H20 and MI308 chips, which are used in artificial intelligence development.