OpenAI Commits Over $20 Billion to Cerebras Chips, Gains Potential Equity Stake

April 17, 2026
OpenAI has agreed to spend more than $20 billion over three years on Cerebras servers powered by the company’s chips, in a deal that could give OpenAI up to a 10% equity stake in the chipmaker. The agreement includes an additional $1 billion from OpenAI to help fund Cerebras data center development.

OpenAI has agreed to pay more than $20 billion over the next three years to use servers powered by chips from Cerebras, under a deal that could give the ChatGPT maker a minority ownership stake in the AI chip company. The arrangement expands on a previous agreement between the two firms announced earlier this year.

As part of the deal, OpenAI will receive warrants for a potential equity stake that could rise to as much as 10% if its total spending reaches $30 billion. The company has also committed about $1 billion to support the development of data centers designed to run its AI products using Cerebras technology.

The partnership is structured as a multi-year supply and investment agreement, providing OpenAI with large-scale computing capacity while giving Cerebras financial backing ahead of its planned public offering. Cerebras is targeting a $3 billion capital raise at a valuation of around $35 billion.

Cerebras, based in Sunnyvale, California, is known for its wafer-scale engine processors, which are designed to handle parallel data processing more efficiently than conventional chip architectures. OpenAI’s newer coding model, Codex-Spark, is already running on Cerebras hardware for select customers.

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