Amd Stock Skyrockets 23% as Openai Looks to Take Stake in AI Chipmaker
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AMD's stock surged 23% after reports that OpenAI is considering taking a stake in the AI chipmaker, sparking discussions about the potential impact on the AI hardware market and the valuation of AI companies.
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Next probably ARM and Apple (separately) will do some kind of AI hardware announcement I’m guessing.
They don't just buy a stock and say hey. We invest in you. Lol why is it illegal. If you need to buy video cards right now for your business and you're doing machine learning. If you could go to one person with an unlimited budget, who do you go to, nvidia... Why? Is that because of insider training or is that because of logic? So if Nvidia says. Open AI. We really could use a lot of your API. We are spending an absolute fortune. You need our gpus. How about we make something work? Now negotiating begins.