OpenAI announced Wednesday that it has reached a multi-year agreement with AI chip maker Cerebras. The company plans to provide 750 megawatts of computing to the AI giant from this year through 2028, Cerebras said.
The deal is worth more than $10 billion, people with knowledge of the details told TechCrunch. Reuters also reported the size of the deal.
The companies said the deal is aimed at providing faster output to OpenAI customers. OpenAI said in a blog post that these systems will speed up responses that currently take time to process. “Just like broadband transformed the internet, real-time inference will transform AI,” said Andrew Feldman, co-founder and CEO of Cerebras.
Cerebras has been around for more than a decade, but its star has risen significantly since the launch of ChatGPT in 2022 and the subsequent AI boom. The company claims that systems built with its chips designed for AI applications are faster than GPU-based systems (such as Nvidia’s products).
Cerebras filed for an IPO in 2024, but has since postponed it multiple times. Meanwhile, the company continued to raise significant amounts of capital. On Tuesday, the company was reported to be in talks to raise an additional $1 billion at a valuation of $22 billion. It’s also worth noting that OpenAI CEO Sam Altman is already an investor in the company, and OpenAI had previously considered acquiring the company.
“OpenAI’s computing strategy is to build a resilient portfolio that matches the right systems to the right workloads,” OpenAI’s Sachin Katti said in a company post. “Cerebras adds a purpose-built, low-latency inference solution to our platform, which means faster responses, more natural interactions, and a strong foundation to extend real-time AI to more people.”
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