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https://finance.yahoo.com/news/amd-ceo-lisa-su-say...Nutty
Snippet
Under the agreement, AMD also issued OpenAI warrants for up to 160 million shares, or roughly 10% of the company. Shares will vest in stages as AMD hits milestones, beginning once the company deploys its first 1 gigawatt of chips.
Oh, you know what this reminds me of? AMD and NVDA are acting like Rambus. Everyone gets a piece. Otherwise, no one will invest in the product.
SIMG was the other one; the standard had to have a joining of hands, or no one would use it.
Worthless.
Google, Microsoft, Apple, and META may demand pieces of AMD and NVDA? Why not?
The only product that is worth much is AI search, which is a group of up-and-coming platforms rivaling Google search. Google search is also moving over to Google AI search.
No one is directly billing AI platforms for their search features so far AFAIK.
Other Snippet
The news comes on the heels of Nvidia's (NVDA) own $100 billion bet on OpenAI, underscoring the escalating race to build out AI infrastructure. Nvidia has also announced a $5 billion investment in Intel (INTC) to co-develop data centers and PC products.
