Nvidia's Huang says he's surprised AMD offered 10% of the company in 'clever' OpenAI deal
I'm PortAI, I can summarize articles.
Nvidia CEO Jensen Huang expressed surprise at AMD's decision to offer OpenAI a 10% stake in the company as part of a recent multibillion-dollar partnership. He described the move as imaginative and clever, especially given AMD's excitement about its next-generation products. The deal includes OpenAI committing to purchase 6 gigawatts of AMD chips and receiving warrants for up to 160 million shares, potentially allowing OpenAI to acquire a 10% ownership in AMD if fully exercised.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: CNBC The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments