OpenAI has struck a deal with AMD that allows the AI company to take a 10% stake in the chipmaker, while deploying 6 gigawatts of AMD's Instinct GPUs over the coming years. This partnership, which includes a warrant for up to 160 million shares, is set to alleviate OpenAI's compute power limitations and positions AMD as a key player in the AI industry. The deal also reflects the evolving interdependencies in the AI supply chain, with OpenAI actively building its infrastructure capabilities.

Meta Platforms is moving forward with a strategy to share the financial burden of AI infrastructure by selling $2 billion in data center assets. The company aims to attract external partners for co-developing data centers, reflecting a trend among tech giants to mitigate the soaring costs associated with AI and data center operations.