$Advanced Micro Devices(AMD)$

$Advanced Micro Devices(AMD)$ is giving away 10% of its stock for publicity from an influencer (OpenAI). This is not good for shareholders, as businesses make purchasing decisions on a cost-benefit basis not celebrity power.

OpenAI Family Expanding: Is It A Blessing or A Curse?

OpenAI has been insanely busy lately — one moment it’s doing e-commerce, the next it’s getting into social, and now it’s even launching a browser. It announced plans to deploy 6GW of AMD Instinct GPUs. OpenAI went a step further and partnered with Broadcom to develop custom ASIC chips. Microsoft mainly provides OpenAI’s training compute, while Oracle handles inference workloads. Meanwhile, PayPal officially announced a partnership with OpenAI yesterday — its stock spiked but later gave back most of the gains by the close.

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