Nvidia's Huang says he's surprised AMD offered 10% of the company in 'clever' OpenAI deal

Core Insights - Nvidia CEO Jensen Huang expressed surprise at Advanced Micro Devices (AMD) offering 10% of itself to OpenAI as part of a multibillion-dollar partnership [1] - Huang described the move as imaginative and unique, especially given AMD's excitement about its next-generation product [1] - OpenAI and AMD's agreement includes a commitment from OpenAI to purchase 6 gigawatts of AMD chips over several years, including the upcoming MI450 series [1] - OpenAI will receive warrants for up to 160 million AMD shares, with vesting milestones tied to deployment volume and AMD's share price [1][2] Company Developments - OpenAI's potential acquisition of approximately 10% ownership in AMD if it exercises the full warrant [2] - The partnership signifies a strategic collaboration between a leading AI company and a major semiconductor manufacturer, highlighting the growing intersection of AI and hardware [1][2]