OpenAI to Spend $20B+ on Cerebras Chips with Equity Stake, Targeting $30B Total

The Information·high signal

OpenAI will purchase over $20B of Cerebras chip servers over three years, with total spending potentially reaching $30B and OpenAI receiving warrants for up to 10% equity in Cerebras, The Information reported. OpenAI also agreed to provide ~$1B to fund Cerebras data center development. The deal is central to Cerebras' planned IPO targeting Q2 2026 and signals the AI compute shift from training to inference.