OpenAI signs multiyear deal with Cerebras for ultra low latency computing power

Apr 17, 2026, 1:33:43 AM UTC(5 hours ago)

Impact: Medium

Affected Assets

OpenAI has committed to purchasing up to 750 megawatts of computing power from chipmaker Cerebras through 2028 in a deal valued at over 10 billion dollars
The partnership focuses on real-time inference and reasoning models to significantly speed up responses for complex tasks like coding and image generation
Cerebras will provide dedicated cloud services powered by its wafer-scale engine chips which are designed to be more efficient than traditional GPUs for specific OpenAI workloads
The agreement positions Cerebras as a major challenger to Nvidia and follows reports that OpenAI CEO Sam Altman is a personal investor in the startup
Market analysts suggest the deal helps OpenAI diversify its hardware supply chain while Cerebras prepares for a potential initial public offering at a 22 billion dollar valuation

OPENAI TO SPEND MORE THAN $20 BILLION ON CEREBRAS CHIPS, RECEIVE EQUITY STAKE - THE INFORMATION