Sources: OpenAI agrees to pay Cerebras $20B+ to use its server chips, double the amount previously associated with the deal, and may receive equity in Cerebras
OpenAI recently struck an unusual deal to lessen its dependence on Nvidia's AI chips and potentially lower its computing expenses in the coming years.
The Information
Related Coverage
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Discussion
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@sam_badawi
Sam Badawi
on x
OpenAI plans to spend more than $20B on Cerebras chips and will receive an equity stake as part of the agreement. Cerebras is targeting a roughly $35B valuation in its upcoming IPO, positioning itself as a major alternative compute supplier in the race to scale AI training [image…
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@anissagardizy8
Anissa Gardizy
on x
SCOOP: OpenAI agreed to pay Cerebras more than $20 billion to use the firms chips over the next three years—in exchange for equity rights. - OpenAI's spending could reach $30B, which could give OpenAI warrants for 10% of Cerebras - OpenAI has also agreed to provide Cerebras
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@edzitron
Ed Zitron
on x
@rdd147 Literally built to buoy the ipo for cerebras
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@edzitron.com
Ed Zitron
on bluesky
yet another bullshit deal where no money will change hands, used entirely to pump the valuation/IPO of Cerebras. [embedded post]
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@mukund
M Mohan
on x
IPO filing for @cerebras (target: Q2 2026) with a rumored valuation of ~$30-35B, up from ~$23.1B prior valuation. Going to raise $3B Massive multi-year demand from @OpenAI (potentially $20-30B) Positioning as a credible alternative to $NVDA in AI infrastructure