tech

January 14, 2026

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

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.

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

TL;DR

  • Cerebras signed a deal with OpenAI to provide 750 megawatts of computing power through 2028.
  • The agreement is reportedly worth over $10 billion.
  • This deal diversifies Cerebras' revenue, reducing its dependence on G42.
  • Cerebras' large processor is designed to train and run generative AI models, challenging Nvidia's dominance.
  • OpenAI will integrate Cerebras' low-latency inference solutions for faster AI responses.
  • Cerebras previously worked with OpenAI on ensuring compatibility for gpt-oss models.
  • Elon Musk attempted to acquire Cerebras in 2018.
  • Cerebras filed for an IPO in September 2024 but withdrew it in October to refile with updated financials.
  • The company secured $1.1 billion in funding at an $8.1 billion valuation before withdrawing its IPO paperwork.
  • Cerebras' customer list includes Cognition, Hugging Face, IBM, and Nasdaq.
  • The Committee on Foreign Investment in the United States approved Cerebras' request to sell shares to G42.

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