AMD has finalized a multi-year chip supply agreement with OpenAI, committing to deliver 6 gigawatts of compute capacity across various generations of its Instinct GPUs, beginning with the MI450 model. This deal is projected to yield tens of billions in revenue for AMD and is part of OpenAI's broader strategy to enhance its AI infrastructure. The first gigawatt is scheduled for deployment in late 2026. Additionally, OpenAI has the option to purchase up to 160 million shares of AMD, representing a 10% stake, with vesting tied to AMD's stock performance. This partnership follows a series of strategic agreements by OpenAI to secure compute resources, including recent deals with Nvidia and Broadcom.