• by Laurie Sullivan , Yesterday

OpenAI plans to power its next-generation AI infrastructure using multiple generations of Advanced Micro Devices (AMD) Instinct general processing units (GPUs). The first deployment is set to begin in the second half of 2026.

The deal could see Altman’s company take a 10% stake in the chipmaker for up to 160 million shares, which will vest as preset milestones are achieved.

OpenAI would need to exercise the full warrant to own approximately 10% in AMD, based on the current number of shares outstanding.

The phrase "exercise the full warrant" implies that the holder buys or sells all of the shares or commodities the warrant gives them the right to, rather than exercising only a portion of it.

The targets require AMD’s stock price to continue to increase in value and future exercise points include a tranche tied to a share price of $600. AMD shares closed on Friday at $164.67.

The agreement is the latest deal for OpenAI as the AI startup builds out more computing capacity and explains how the company runs.

It will likely change the future of AI, creative, and ad buying as the company expands into having an influence on semiconductor chips and GPUs that perform parallel computations that enable tasks like 3D rendering supported by AI and machine learning models. 

Last week, OpenAI became the world’s largest startup. The company allowed its current and former employees to sell shares at a $500 billion valuation, but also uses its own technology to run operations.  

“Running our business on AI means facing the questions every customer asks: where to start, how to align new tools with existing workflows, how to measure progress as the ground shifts,” Altman wrote in a blog post. “When I meet customers, the question they all ask me is, ‘How does OpenAI use OpenAI?’”

OpenAI’s GTM (go-to-market), product, and engineering teams will study the company’s everyday workflows, define what “good” looks like, and then deliver the changes in weeks instead of quarters.

The blog post series, OpenAI on OpenAI, will show how the company uses AI inside its business. Each story covers a real problem and the solutions built to share patterns companies can adapt.