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Investor Brad Gerstner cautioned Monday that OpenAI 's deals with Nvidia and AMD are purely announcements, not deployments.

"Now we will see what gets delivered," the Altimeter Capital founder told CNBC. "Ultimately, the best chips will win."

OpenAI's megadeal with AMD and its relentless push to expand artificial intelligence capabilities underscores the intensifying competitive landscape.

Gerstner said the deals provide "more evidence that the world will remain compute-constrained despite best efforts to bring massive supply online."

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