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Technology

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The Big Story

OpenAI signs deal with AMD for AI chips

OpenAI has signed a deal with chipmaker AMD to obtain six gigawatts’ worth of the company’s AI chips, just weeks after unveiling a similar agreement with Nvidia.

The ChatGPT maker will have the option to take up to 160 million shares, or a stake of about 10 percent, in AMD as part of the agreement announced Monday.

“This partnership brings the best of AMD and OpenAI together to create a true win-win enabling the world’s most ambitious AI buildout and advancing the entire AI ecosystem,” AMD Chair and CEO Lisa Su said in a statement.

The first gigawatt of AMD chips, its Instinct MI450 graphics processing units, are set to be deployed in the second half of 2026, according to a press release.

OpenAI will receive its first tranche of shares once this initial step is completed. Additional shares will become available to the AI company as it continues to purchase AMD chips, while more shares are tied to AMD’s share price and other milestones.

“This partnership is a major step in building the compute capacity needed to realize AI’s full potential,” OpenAI CEO Sam Altman said in a statement.

“AMD’s leadership in high-performance chips will enable us to accelerate progress and bring the benefits of advanced AI to everyone faster.”

Just two weeks earlier, OpenAI announced a partnership with Nvidia to deploy at least 10 gigawatts of its systems, equivalent to about 4 million to 5 million chips, Nvidia CEO Jensen Huang told CNBC. The chipmaker, in turn, is investing $100 billion in OpenAI.

The series of deals comes as AI companies search out vast amounts of additional computing power in order to develop, train and use their models.

OpenAI executives said last month that they see a need for at least 20 gigawatts of computing power to meet demand, The Wall Street Journal reported.

Welcome to The Hill’s Technology newsletter, I’m Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley.

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Essential Reads

How policy will be impacting the tech sector now and in the future:

Supreme Court rejects Google’s request to block Play Store injunction

The Supreme Court on Monday denied Google’s request to block court-mandated changes to Google Play Store, after the tech giant lost a case to Fortnite maker Epic Games over its app store practices. The justices declined to halt parts of a lower court injunction requiring Google to distribute third-party app stores through Play Store, share its catalog of apps with rivals and allow in-app payment methods other than Google …

Full Story

Supreme Court won’t consider Meta’s liability for radicalization of Charlston church shooter

The Supreme Court said Monday it won’t consider whether Meta should be held liable for contributing to the radicalization of Dylann Roof, the self-proclaimed white nationalist mass shooter. In doing so, the justices are refusing to wade into the latest fight over Section 230 of the Communications Decency Act, which gives tech firms broad immunity from legal challenges over user-generated content. The appeal to the …

Full Story

Almost 100M jobs could be lost to AI, automation: Senate report

A Senate report released Monday says AI and automation could replace nearly 100 million jobs across various industries over the next decade. The report, conducted by Democratic staffers on the Senate Health, Education, Labor and Pensions (HELP) Committee, led by Sen. Bernie Sanders (I-Vt.), outlines how AI and automation will impact the American economy and workforce. Sanders, the ranking member on the HELP Committee, has warned …

Full Story

Supreme Court declines to revive Laura Loomer RICO suit against Meta, Twitter

The Supreme Court on Monday declined to revive right-wing activist Laura Loomer’s racketeering lawsuit against Meta and Twitter, now known as X, alleging they conspired to suppress conservative political speech. Loomer said the social media behemoths specifically targeted her 2020 and 2022 congressional campaigns in Florida, utilizing “government pressure, corporate collusion and biased content moderation” to stifle …

Full Story

The Refresh

News we’ve flagged from the intersection of tech and other topics:

OpenAI will let developers build apps that work inside ChatGPT (The Verge)
Verizon names former PayPal boss Dan Schulman as CEO (Reuters)

Crypto Corner

Bitcoin hits new all-time high

The price of bitcoin climbed above $125,000 on Monday, marking its latest all-time high.

The digital token has recovered in recent days after falling below $110,000 in late September. It had a rocky month overall, after slipping from its previous record in mid-August.

Bitcoin has repeatedly set new records over the past year, after the election of President Trump resulted in a more favorable regulatory environment for crypto in Washington.

The Securities and Exchange Commission (SEC) — a key source of frustration for the industry in the Biden administration — has since pulled back on numerous investigations and lawsuits.

Meanwhile, GOP leaders in Congress have pushed for long-sought crypto legislation, getting a stablecoin bill to Trump’s desk in July.

More complicated market structure legislation has yet to clear both chambers. The House passed its version, the Digital Asset Market Clarity Act, in July, but the Senate has opted to draft its own bill.

Crypto Corner is a daily feature focused on digital currency and its outlook in Washington.

In Other News

Branch out with other reads on The Hill:

Cruz presses Wikipedia on bias amid growing conservative criticism

Senate Commerce Committee Chair Ted Cruz (R-Texas) pressed Wikipedia on Monday for information about how it maintains the online encyclopedia and addresses ideological bias amid growing conservative criticism of the site. In a letter to Wikimedia Foundation CEO Maryana Iskander, Cruz voiced concerns about potential left-wing bias within the widely used platform. “Wikipedia began with a noble concept: crowdsource …