Nvidias Huang says hes surprised AMD offered OpenAI 10% of company in clever deal

▤ Summary

Jensen Huang comments on AMD’s unusual deal with OpenAI, where OpenAI could gain up to 10% ownership in AMD through warrants tied to chip deployments and stock performance. The agreement commits OpenAI to buy 6 gigawatts of AMD chips over several years, including the upcoming MI450 series. Huang contrasts that structure with Nvidia’s own investment approach and says OpenAI still needs to raise the money to fund its massive infrastructure plans. The piece also notes Nvidia’s planned investment in OpenAI, its reported backing of xAI’s fundraising round, and its ongoing support for CoreWeave. Overall, the story highlights escalating competition for AI infrastructure customers and the financing models shaping that market.

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