OpenAI to Spend More Than $20 Billion on Cerebras Chips, Receive Equity Stake

OpenAI recently struck an unusual deal to lessen its dependence on Nvidia’s AI chips and potentially lower its computing expenses in the coming years. OpenAI has agreed to pay Cerebras than $20B to use servers powered by the firm’s chips over the next three years, double the figure that was previously associated with the deal, according to multiple people with knowledge of the deal. As part of the agreement, OpenAI will receive warrants for a minority portion of Cerebras’ shares, and that ownership could increase as it spends more, according to two people with knowledge of the deal.