On October 6 (local time), OpenAI held its DevDay 2025 Developer Conference in San Francisco. Five hours prior to the conference's commencement, AMD and OpenAI unveiled a partnership. According to the plan, OpenAI intends to deploy up to 6GW of AMD Instinct GPUs over the forthcoming years. As part of the deal, AMD has granted warrants for up to 160 million shares to OpenAI. The exercise conditions of these warrants are contingent upon the progress of chip deployment and specific stock - price milestones. Should OpenAI exercise all the warrants, it could potentially acquire around 10% of AMD's equity. This news had a significant impact, causing AMD's stock price to soar by 30% at one stage.