Advanced Micro Devices (AMD) has signed a major deal to supply artificial intelligence chips to OpenAI, marking a significant step in its competition with Nvidia. As part of the agreement, OpenAI has the option to acquire up to a 10% stake in AMD's AI chip unit, which could boost AMD’s position in the rapidly growing AI hardware market. This partnership reflects OpenAI’s strategy to diversify its chip suppliers and secure access to high-performance computing resources amid soaring demand for AI technologies.