The A.I. Daily
AMD books $1.1B noncash charge tied to OpenAI, Meta warrants
AMD recorded about a $1.1 billion noncash charge in Q3, mostly from stock warrants issued under its AI chip supply deals with OpenAI and Meta. The charge hit GAAP earnings ($1.46 per share) but not cash flow; the warrants could dilute shareholders if targets are met, showing how AI suppliers use equity to lock in demand.