AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 04 Nov, 02:32 UTC

AMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could let it buy as much as 10% of the chip firm if it meets certain milestones. The deal followed a similar agreement with OpenAI last year, giving the startup the…

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Sources

• T1AMD's OpenAI, Meta chip deals trigger $1 billion quarterly chargeEconomic Times — Tech / Technology / Startups / ETTelecom04 Nov, 02:32