Cerebras Systems landed a more than $10 billion deal to supply up to 750 megawatts of compute to OpenAI through 2028, according to a blog post by OpenAI. CNBC reports: 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 has built a large processor that can train and run generative artificial intelligence models. […] “Cerebras adds a dedicated low-latency inference solution to our platform,” Sachin Katti, who works on compute infrastructure at OpenAI, wrote in the blog. “That means faster responses, more natural interactions, and a stronger foundation to scale real-time AI to many more people.”
The deal comes months after OpenAI worked with Cerebras to ensure that its gpt-oss open-weight models would work smoothly on Cerebras silicon, alongside chips from Nvidia and Advanced Micro Devices. OpenAI’s gpt-oss collaboration led to technical conversations with Cerebras, and the two companies signed a term sheet just before Thanksgiving, Feldman said in an interview with CNBC. The report notes that this deal helps strengthen Cerebras’ IPO prospects. The $10+ billion OpenAI deal materially improves revenue visibility, customer diversification, and strategic credibility, addressing key concerns from its withdrawn filing and setting the stage for a more compelling refile with updated financials and narrative.
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