AMD signs AI chip-supply deal with OpenAI, shares surge over 34%

October 6, 2025 10:50 PM

AMD signs AI chip-supply deal with OpenAI, shares surge over 34%

AMD will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker. Shares of the chipmaker surged more than 34% on Monday, putting them on track for their biggest one-day gain in over nine years and adding roughly $80 billion to the company's market value. The deal, latest in a string of investment commitments, underscores OpenAI and the...

Tesla to streamline its AI chip design work, Musk says

August 8, 2025 3:20 PM

Tesla to streamline its AI chip design work, Musk says

Tesla will streamline its AI chip research to focus on its development of inference chips used to run AI models and make real-time decisions, CEO Elon Musk said, after a media report he had ordered the closure of the in-house Dojo supercomputer team. Bloomberg News on Thursday cited people familiar with the matter as saying Musk had ordered the Dojo team to be disbanded, with team leader Peter Bannon departing the company. Tesla did not reply to a Reuters request for comment. The Dojo superco...