Compute · the Ledger · Chip supply
OpenAI agrees to buy AMD Instinct GPUs (binding first 1 GW of MI450, up to 6 GW); AMD issues OpenAI a warrant for up to 160M shares
Signed · announced 6 Oct 2025 · the week to 10 Oct 2025
- Size
- undisclosed
- Power
- 6 GW
- GPUs
- MI450
No dollar value in the filing. Binding commitment covers the first 1 GW; warrant vests in tranches up to 6 GW of purchases.
The parties
- AMDcompany pageSupplier
- OpenAIcompany pageBuyer
The source
AMD 8-K, 2025-10-06Regulatory filing
Warrant at $0.01 per share, vesting on purchase milestones and AMD share-price targets escalating to $600 for the final tranche; exercisable until 2030-10-05. Accelerator as stated: AMD Instinct MI450.
The same parties, other deals
- Nvidia gives SB Energy residual value guaranties, capped at $105B, on ~4.25 GW of Ohio data center leases to OpenAI$105B · 17 Aug 2026
- AMD leases 377 MW from Core Scientific for 15 years and backs 152 MW of neocloud leases, with rights to ~1.9 GW moreundisclosed · 28 Jul 2026
- Anthropic to deploy up to 2 GW of AMD MI450-series GPUs in Helios racks; AMD commits up to $5B equity in Anthropicundisclosed · 22 Jul 2026
- Amazon agrees to invest $50B in OpenAI: $15B in the current round plus a $35B commitment tied to milestones or an IPO$50B · 27 Feb 2026
- OpenAI expands its AWS agreement by $100B over eight years, including ~2 GW of Trainium capacity$100B · 27 Feb 2026
- Meta commits to buy the first 1 GW of AMD Instinct GPUs (up to 6 GW); AMD issues Meta a warrant for up to 160M sharesundisclosed · 24 Feb 2026