OpenAI signs $10B multi-year compute deal with Cerebras through 2028

Summary

OpenAI signed a $10 billion multi-year compute agreement with Cerebras through 2028, covering 750 megawatts of capacity. The deal is expected to focus primarily on inference workloads, though where it fits within OpenAI's broader infrastructure strategy is unclear. OpenAI already works with NVIDIA, AMD, and Broadcom across the semiconductor supply chain, suggesting Cerebras fills a particular role rather than becoming an exclusive provider. Cerebras is raising at a $22 billion valuation and facing IPO rumors, establishing the company as a major player in AI infrastructure following earlier wins with cloud and enterprise customers.