AMD signs AI chip-supply deal with OpenAI, shares surge over 34%

By Max A. Cherney and Arsheeya Bajwa SAN FRANCISCO (Reuters) -AMD will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker. Shares of the chipmaker surged more than 34% on Monday, putting them on track for their biggest one-day gain in over nine years and adding roughly $80 billion to the company's market value. The deal, latest in a string o ...