By Max A. Cherney SAN FRANCISCO (Reuters) -AMD said on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker. Shares of AMD surged more than 35% in premarket trading, putting them on track to open at their highest level since March 2024, if gains hold. The latest deal, among a string of investment commitments, is a testament to OpenAI and the broader AI industry's voracious appetite for computing power as companies race toward developing AI technology that meets or exceeds human intelligence. The deal offers OpenAI an opportunity to take a stake in one of Nvidia's most formidable rivals and is a major vote of confid

See Full Page