AMD-OpenAI deal is helping build 'foundation' of the AI world: CEO
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Advanced Micro Devices (AMD) announced an AI chip deal with OpenAI (OPAI.PVT) on Monday, sending the semiconductor stock soaring; this deal also has OpenAI taking up a 10% stake in AMD. This all comes after Nvidia (NVDA) inked a $100 billion investment into OpenAI while also brokering partnerships with Intel (INTC) and Alibaba (BABA). AMD Chair and CEO Lisa Su sits down with Yahoo Finance executive editor Brian Sozzi to discuss the company's OpenAI partnership, the chipmaker's role in building out AI infrastructure and empowering large-language models (LLMs), and investing back into the AI ecosystem. To watch more expert insights and analysis on the latest market action, check out more Market Domination.
📄 Summary
Advanced Micro Devices (AMD) announced an AI chip deal with OpenAI (OPAI.PVT) on Monday, sending the semiconductor stock soaring; this deal also has OpenAI taking up a 10% stake in AMD. This all comes after Nvidia (NVDA) inked a $100 billion investment into OpenAI while also brokering partnerships with Intel (INTC) and Alibaba (BABA). AMD Chair and CEO Lisa Su sits down with Yahoo Finance executive editor Brian Sozzi to discuss the company's OpenAI partnership, the chipmaker's role in building out AI infrastructure and empowering large-language models (LLMs), and investing back into the AI ecosystem. To watch more expert insights and analysis on the latest market action, check out more Market Domination.