The math behind the AMD and OpenAI deal! OpenAI gets warrants to buy 160 million AMD shares at $0.01 each as they deploy 6 gigawatts of hardware. Now that AMD crossed the $600 hurdle, those shares are worth roughly $100 Billion. Estimates show that OpenAI will spend around $90B–$100B in cash to buy those chips. OpenAI will have spent ~$100B on hardware, but they will walk away owning ~$100B in AMD equity. What a deal! 😎   submitted by   /u/vignesh_cool95 [link]   [comments]