OpenAI AMD Chip Negotiations

How do those negotiations go? Like, schematically: OpenAI: We would like six gigawatts worth of your chips to do inference. AMD: Terrific. That will be $78 billion. How would you like to pay? OpenAI: Well, we were thinking that we would announce the deal, and that would add $78 billion to the value of your company, which should cover it. AMD: … OpenAI: … AMD: No I’m pretty sure you have to pay for the chips. OpenAI: Why? AMD: I dunno, just seems wrong not to. OpenAI: Okay. Why don’t we pay you cash for the value of the chips, and you give us back stock, and when we announce the deal the stock will go up and we’ll get our $78 billion back. AMD: Yeah I guess that works though I feel like we should get some of the value? OpenAI: Okay you can have half. You give us stock worth like $35 billion and you keep the rest.

A mock negotiation between OpenAI and AMD over a massive chip purchase is presented as a simple text exchange. The joke is that OpenAI proposes paying with the increase in AMD’s stock value, then asks for stock back so it can recover the money, satirizing corporate deal-making and circular financing.

• @dev_meme / 7228 2025-10-07