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January 2025. Here's your morning TNB Tech Minute for Monday, October 6th. I'm Zoe Colkin

for the Wall Street Journal. OpenAI and advanced

micro devices have announced a multi-billion dollar deal to collaborate on AI data centers that

will run on the chip designer's processors. Under the terms of the deal, OpenAI agreed to purchase

six gigawatts worth of AMD's chips, starting with the MI 450 chip next year, either

directly or through its cloud computing partners. The two companies didn't say exactly how much

the plan would cost, but AMD said it would be tens of billions of dollars per gigawatt of capacity.

The partnership marks one of the most direct challenges yet to industry leader NVIDIA.

A new crop of European tech founders are heading to the U.S. to seek funding for their startups, largely due to the heavy upfront costs for AI computing infrastructure and the

need for specialist talent. It's become a concern for Europe as it tries to establish itself

as a global AI hub to compete with China and the

U.S. Comparatively, American AI and machine learning startups raised more than $160 billion in

the first nine months of the year, while Europe pulled in around just $20 billion. That's according to

...