AMD: AI deals, investors and valuation

AMD acquires Fei-Fei Li's World Labs (spatial intelligence models) in stock; she becomes chief scientist; closing expected by end of 2026.

Anthropic will install 2 GW of AMD Instinct MI450 GPUs in Helios racks, with the first gigawatt in the first half of 2027.

In exchange for the 2 GW order, AMD commits to a strategic investment of up to $5 billion in Anthropic.

Samsung and AMD signed an MoU making Samsung the primary HBM4 supplier for Instinct MI455X and DDR5 for Helios, and will explore a foundry deal.

Multiyear deal for Instinct GPUs (including a custom version of the MI450) and Venice CPUs; Meta receives a warrant for up to 160 million AMD shares tied to deliveries.

As with OpenAI, AMD grants Meta warrants at $0.01 on up to 160 million shares, tied to purchases of the 6 GW of GPUs.

HUMAIN-led JV for up to 1 GW of data centers by 2030; first 100 MW with MI450 chips, capacity already contracted by Luma AI.

Lux (2026) and Discovery (2028) at Oak Ridge with AMD chips, together with HPE and Oracle: combined investment of about $1 billion.

Oracle will be the first hyperscaler to offer a public supercluster of 50,000 MI450 GPUs (Helios racks) from Q3 2026, with expansion from 2027.

Multi-year deal for 6 GW of AMD Instinct GPUs, starting with 1 GW of MI450 in the second half of 2026. Value not disclosed (tens of billions according to AMD).

Warrants for up to 160 million AMD shares at $0.01, vesting in tranches tied to installed GW and price thresholds (the last at $600); exercisable until 05/10/2030.

AMD pays the US government 15% of revenue from MI308 sales in China as a condition for export licences.

HUMAIN (Saudi Arabia) and AMD commit to developing 500 MW of AI infrastructure by 2030.

AMD closes the acquisition of AI server maker ZT Systems, announced in August 2024.

AMD takes part in xAI's Series C as a strategic investor, alongside Nvidia.