AMD to OpenAI

2025-10-06, warrant

From AMD to OpenAI

Disclosed: undisclosed

Committed: undisclosed

Basis: announced ceiling

Confidence: high

Term: undisclosed

Source

AMD, 2025-10-06

Notes

AMD issued OpenAI a warrant for up to 160 million AMD shares, vesting in tranches as GPU deployments scale from 1 to 6 gigawatts and as share-price and milestone conditions are met.

Tags

• amd
• openai-compute
• equity-for-compute

Loops

No loops through this deal.