Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker's IPO

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Raise summit in Paris on July 8, 2025. The annual conference gathers global leaders and key speakers in tech and AI.AI chipmaker Cerebras has signed a deal with OpenAI to deliver 750 megawatts of computing power through 2028, according to a blog post Wednesday by the maker of ChatGPT. The arrangement is worth over $10 billion, according to people close to the company.The deal will help diversify Cerebras away from the United Arab Emirates ...