OPENAI IS GOOD AT DEALS

Summary from the TLDR AI newsletter

Whenever OpenAI announces a big partnership with a public company, that company's stock will go up. OpenAI is using that stock value to subsidize deals. Its deal with AMD involves OpenAI receiving warrants for up to 160 million AMD shares at 1 cent per share, awarded in phases if OpenAI hits certain milestones for deployment. AMD's stock price also has to increase for the warrants to be exercised. While OpenAI is not publicly traded, it is increasingly making waves in the stock market.