ChatGPT maker will be allowed to buy 10% of AMD for a penny per share.

OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years, beginning with a 1-gigawatt rollout in 2026.

AMD has signed a multi-year chip supply deal with OpenAI that could generate tens of billions in revenue for the chipmaker, helping accelerate its momentum in the AI industry.

ChatGPT maker will be allowed to buy 10% of AMD for a penny per share.