Online reports that OpenAI and chip design company AMD(AMD.O) announced a multi-billion dollar partnership to jointly develop artificial intelligence data centers that will run on AMD processors. Under the terms of the agreement, OpenAI promises to purchase AMD chips equivalent to 6 gigawatts of computing power, starting with next year's MI450 chips. OpenAI will purchase chips directly or through its cloud computing partners. AMD's CEO said in an interview on Sunday that the deal will generate tens of billions of dollars in new revenue for AMD over the next five years. The companies did not disclose the total expected cost of the plan, but AMD said the cost per GW of computing power could be tens of billions of dollars. If OpenAI reaches certain deployment milestones, OpenAI will phase out warrants for up to 160 million shares of AMD stock at a price of 1 cent per share, accounting for approximately 10% of the chip company. In addition, AMD's share price must rise before the warrants can be exercised.