Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker's IPO

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AI chipmaker Cerebras has signed a deal with OpenAI to deliver 750 megawatts of computing power through 2028, according to a blog post Wednesday by the maker of ChatGPT.

The arrangement is worth over $10 billion, according to people close to the company.

The deal will help diversify Cerebras away from the United Arab Emirates’ G42, which accounted for 87% of revenue in the first half of 2024.

“The way you have three very large customers is start with one very large customer, and you keep them happy, and then you win the second one,” Cerebras’ co-founder and CEO Andrew Feldman told CNBC in an interview.

Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker's IPO

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