Spending on AI has accelerated in recent months, as Wall Street anticipates global expenditures nearing half a trillion dollars by 2026.

DOE announced the Discovery and Lux supercomputers at ORNL to advance U.S. leadership in artificial intelligence and high-performance computing. Discovery and Lux will enable AI-driven research that fuels new advances in energy, manufacturing, medicine and cybersecurity.

The deal marks a major endorsement of AMD's AI hardware and software capabilities as the company competes with Nvidia for dominance in the AI chip market. AMD executives project the agreement will generate more than $100 billion in new revenue over four years from OpenAI and other customers who follow OpenAI's lead.

Chips aren’t the only star of the massive agreement. AMD’s software efforts have slowly turned it into a more formidable competitor to Nvidia.

AMD will power the next-generation Discovery supercomputer at Oak Ridge National Labs, partnering with the US Department of Energy, ready in early 2026.

In September, Nvidia announced an investment of up to $100 billion in OpenAI that included a plan to supply at least 10 gigawatts worth of Nvidia systems. The plan includes OpenAI deploying a gigawatt of Nvidia’s next-generation Vera Rubin chips in late 2026.

It's taken a little longer than anticipated to arrive to market, but AMD's Radeon AI Pro R9700 graphics card for AI developers finally has a firm release date and pricing.

News HighlightsThe Lux AI supercomputer, powered by AMD and housed at Oak Ridge National Labs, will be the first dedicated U.S. AI factory for