OpenAI needs so many GPUs that it’s now turning to Nvidia’s biggest rival, AMD, for more chips. On Monday, OpenAI announced a deal to source up to 6 gigawatts of computing power from AMD. Financial terms, including how much OpenAI will spend, were not disclosed. However, the agreement involves OpenAI purchasing up to 160 million shares of AMD stock at $0.01 per share – or a 10% stake – contingent upon specific milestones being achieved. In exchange, OpenAI will deploy 1 gigawatt worth of AMD's Instinct MI450 enterprise GPUs starting in the second half of 2026. AMD also told The Wall Street Journal it expects each gigawatt of compute to cost tens of billions of dollars. The deal is surprising since OpenAI has long touted its partnership with Nvidia — the leading provider of AI GPUs. Two weeks ago, OpenAI also announced a similar agreement with Nvidia for at least 10 gigawatts of AI data center capacity. But in that case, Nvidia is going to invest up to $100 billion in OpenAI. In ret...