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Clear all filtersOpenAI's Multi-Billion Deal with AMD & Polymarket, Vercel and Supabase Raise Mega Rounds
Jason Lemkin, Rory O'Driscoll, Harry Stebbings
OpenAI secured a strategic partnership with AMD to purchase six gigawatts of Instinct chips in exchange for equity warrants, a deal that triggered a 30% surge in AMD's stock price while reinforcing OpenAI's leverage over chip manufacturers. Concurrently, OpenAI Developer Day introduced native app integrations and an "AgentKit" tool to accelerate AI agent development, though critics questioned the immediate utility of these features compared to existing ecosystems. In the broader venture landscape, massive valuations for infrastructure firms like Vercel and Supabase coexist with tightening liquidity for sub-scale assets, as university endowments divest stakes and new SPAC structures aim to curb speculative pricing.