GPUs use parallel processing which means that thousands of cores perform calculations at the same time on huge amounts of data. A Central Processing Unit (CPU), on the other hand, deals with information differently. A CPU processes data sequentially as these chips move from task to task which doesn’t work as well with the matrix multiplication used for AI.
Nvidia’s shares fall after the opening as AMD announces its deal with OpenAI
Nvidia’s chart shows the incredible rise in the stock that started in 2002. | Image credit-Google
Nvidia’s shares have been rebounding since the opening bell. As of 11:30 am ET, the stock is off only $1.51 or .81% to $186.10
OpenAI gets a warrant to buy 10% of AMD at a sweetheart price
As part of the transaction, OpenAI will receive a warrant giving it the right to purchase as much as 160 million AMD shares for 1 cent apiece. If exercised, OpenAI will end up with 10% of AMD for only $1.6 million. Considering that AMD currently is valued at $342.7 billion, that’s a good deal for OpenAI. Nvidia, as a point of comparison, is the most valuable publicly traded U.S. stock with a valuation of $4.5 trillion.
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