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OpenAI strikes a $20B Cerebras chip deal with equity warrants

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Source: The Information
OpenAI strikes a $20B Cerebras chip deal with equity warrants
Photo: The Information
TL;DR

OpenAI is spending more than $20 billion on Cerebras' AI server chips over the next three years, in a deal that includes warrants for a minority stake in Cerebras and roughly $1 billion to fund Cerebras-built data centers for OpenAI's products.

Topics:businesstechnology#ai-chips#cerebras#data-centers#equity#openai#technology
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  1. OpenAI to Spend More Than $20 Billion on Cerebras Chips, Receive Equity Stake  The Information
  2. AI chipmaker Cerebras set to file for IPO as soon as today  CNBC
  3. OpenAI to spend more than $20 billion on Cerebras chips, receive stake, The Information reports  Reuters
  4. OpenAI to spend more than $20B on Cerebras chips, Information reports (OPENAI:Private)  Seeking Alpha
  5. Cerebras Systems Announces Filing of Registration Statement for Proposed Initial Public Offering  Business Wire

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