OpenAI Is Making Billions Just by Promising to Buy From Suppliers
The Information
•
Generative AI
AI Hardware
Chipmaker Cerebras brought in one of the greatest pitchmen in tech, Sam Altman, to appear in a video to promote its $5.5B initial public offering. Seated on a gray upholstered couch and speaking softly, the OpenAI chief executive touted Cerebras’ chips as “the best high-speed inference offering in the world right now.” Altman has a strong incentive to tout Cerebras. OpenAI stands to own a roughly 3% stake in Cerebras within weeks of the offering, which it got by committing to order chips and lend money to the company.