Cerebras Seals Over $10 Billion OpenAI Partnership

## Cerebras Systems Lands Landmark $10 Billion OpenAI Deal, Shifting Focus Beyond G42

In a significant move that could reshape the AI chip landscape, Cerebras Systems has secured a multi-year agreement with OpenAI to supply 750 megawatts of computing power through 2028. The deal, valued at over $10 billion, marks a crucial diversification for Cerebras, which has heavily relied on the United Arab Emirates’ G42, accounting for 87% of its revenue in the first half of 2024.

Andrew Feldman, co-founder and CEO of Cerebras Systems, expressed optimism about the partnership, stating in an interview that “The way you have three very large customers is start with one very large customer, and you keep them happy, and then you win the second one.” This sentiment underscores Cerebras’ strategy of building substantial client relationships.

Cerebras has developed a distinctive large-scale processor architecture designed to train and deploy generative AI models. This positions the company as a compelling alternative to dominant players like Nvidia, which has historically supplied cloud giants such as Amazon and Microsoft with chips that are then rented out to end-users. Nvidia’s strategy has proven incredibly successful, propelling it to a $5 trillion market capitalization in October 2025.

The partnership with OpenAI is expected to bolster Cerebras’ market presence by providing a dedicated, low-latency inference solution. Sachin Katti, who oversees compute infrastructure at OpenAI, highlighted the benefits, noting in a blog post that this will enable “faster responses, more natural interactions, and a stronger foundation to scale real-time AI to many more people.”

This collaboration follows a period of technical engagement where OpenAI worked closely with Cerebras to ensure compatibility of its open-weight models, including gpt-oss, with Cerebras silicon, alongside offerings from Nvidia and Advanced Micro Devices. Feldman confirmed that the groundwork for this deal was laid during these technical discussions, culminating in a term sheet signed just before Thanksgiving.

Cerebras, which operates data centers globally, intends to expand its infrastructure to meet the demands of this new commitment with OpenAI. Notably, OpenAI had evaluated Cerebras’ technology as early as 2017. Records indicate that Elon Musk, co-founder of OpenAI and CEO of Tesla, attempted to acquire Cerebras in 2018, recognizing its potential in the burgeoning AI space.

The company’s journey toward this significant partnership has been marked by strategic financial maneuvers. Cerebras initially filed for an initial public offering in September 2024, reporting nearly $70 million in second-quarter revenue, a substantial increase from $6 million in the same period the prior year. However, the company also reported a widening net loss of almost $51 million. In October 2025, Cerebras withdrew its IPO filing, citing the need to incorporate updated financials and strategy information reflecting the dynamic AI landscape. This decision followed a $1.1 billion funding round that valued the company at $8.1 billion. Feldman indicated that a revised filing would offer a more comprehensive view of the business to potential investors.

Cerebras’ existing client roster includes prominent names such as Cognition, Hugging Face, and IBM. In March 2025, the Committee on Foreign Investment in the United States (CFIUS) approved Cerebras’ plan to sell shares to G42, a key step in its IPO aspirations. The Wall Street Journal first reported on the OpenAI deal.