OpenAI signs a deal, valued at $10 billion, to compute from Cerebras

OpenAI announced Wednesday that it has reached a multi-year agreement with AI chip maker Cerebras. The chipmaker will deliver 750 megawatts of computing power to the AI ​​giant starting this year and continuing through 2028, Cerebras said.

The deal is worth more than $10 billion, a source familiar with the details told TechCrunch. Reuters too reported deal size.

The two companies said the deal is about delivering faster output to OpenAI customers. At post a blogOpenAI says the system will speed up responses that currently take more time to process. Andrew Feldman, co-founder and CEO of Cerebras, said that “broadband is transforming the internet, real-time inference will transform AI.”

Cerebras has been around for over a decade but its star has risen significantly since the launch of ChatGPT in 2022 and the subsequent explosion of AI. The company claims the system, built with chips designed for AI use, is faster than GPU-based systems (such as Nvidia’s offerings).

Cerebras filed for an IPO in 2024 but, since then, has withdrawn several times. In the meantime, the company continues raise a large amount of money. On Tuesday, reported that the company is in talks to raise another billion dollars at a cost of $22 billion. It’s also worth noting that OpenAI’s CEO, Sam Altman, is already there investors in the companyand that of OpenAI once considered acquired.

“OpenAI’s computing strategy is to build a resilient portfolio that matches the right system for the right workload,” said OpenAI’s Sachin Katti. “Cerebras adds a custom low-latency inference solution to our platform. That means faster responses, more natural interactions, and a stronger foundation for scaling real-time AI to more people.”