As we discussed in yesterday’s commentary, AMD (NASDAQ:) rose 25% following the news that OpenAI would buy 10% of AMD. In exchange, OpenAI will become an important customer of AMD. This symbiotic relationship is just one of many that OpenAI is forming with companies at the forefront of the AI revolution.
The bullet points and graph (courtesy of @darioCPX) below provide context for some of the most important relationships. It also emphasizes the circular relationships that OpenAI builds with its customers and suppliers.
Microsoft (NASDAQ: ): OpenAI’s lead strategic partner and largest investor has committed more than $13 billion since 2019. OpenAI’s models power Microsoft products including Bing, Copilot, and Microsoft 365. The partnership includes continued revenue sharing and IP access through 2030.
Nvidia (NASDAQ:): In September 2025, OpenAI and Nvidia announced a $100 billion partnership to deploy at least 10 gigawatts of NVIDIA systems in data centers, as well as participate in OpenAI’s funding rounds. As part of the deal, Nvidia will fund OpenAI, which in turn will purchase Nvidia chips and other equipment.
Oracle (NYSE: ): In September 2025, Oracle and OpenAI signed a five-year, $300 billion deal for computing power, contributing more than 4.5 gigawatts of capacity. OpenAI funds Oracle, which, in turn, will pay OpenAI for its services.
AMD: In October 2025, the two companies signed a multi-billion dollar deal for 6 gigawatts of AMD GPUs. OpenAI will finance AMD, which in turn will sell chips to OpenAI.
CoreWeave (NASDAQ:): In March 2025, OpenAI invested $350 million in CoreWeave stock and committed $11.9 billion over five years to access to AI computing.
The symbiotic relationships formed between OpenAI and the companies highlighted above, as well as many others, could prove beneficial for everyone involved. However, we have to wonder what would happen if OpenAI failed financially or its products turned out not to be industry-leading.
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