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StocksMediumUpdated×6•Originally published 17 April 2026•Updated 18 April 2026•

1 min read

OpenAI Inks Massive $20 Billion Chip Supply Deal with Cerebras Systems

Key Facts

1OpenAI agreed to pay startup Cerebras more than $20 billion to use its chip-powered servers over the next three years.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 6about 2 months ago

What changed: The story was updated to reflect that Cerebras has officially filed for its IPO and to include CEO Andrew Feldman's comments regarding the hardware's industry-leading speed in training and inference.

Version 5about 2 months ago

What changed: Added the company's recent $8.1 billion valuation and specified the IPO filing timeline as early as Friday.

Version 4about 2 months ago

What changed: Added historical context regarding Cerebras's previous failed attempt to go public in late 2024.

Version 3about 2 months ago

What changed: The story was updated to contextualize the Cerebras IPO within a larger upcoming wave of high-profile tech listings, including SpaceX and Anthropic.

Version 2about 2 months ago

What changed: The story was updated to include Amazon's listing as a major customer of Cerebras Systems alongside OpenAI in its IPO filing.

Version 1about 2 months ago

What changed: The story was updated to include Cerebras Systems' official filing for a U.S. initial public offering (IPO).

OpenAI has entered into a landmark agreement to pay Cerebras Systems more than $20 billion over the next three years to utilize its specialized AI servers, aiming to reduce reliance on Nvidia. Cerebras Systems has officially filed its paperwork for a U.S. initial public offering (IPO), identifying Amazon and OpenAI as key customers. CEO Andrew Feldman stated that the company is building the fastest AI hardware globally for both training and inference tasks. As part of the deal, OpenAI is set to receive an equity stake in Cerebras, marking a deep integration between the AI leader and the hardware manufacturer. The company was recently valued at $8.1 billion in a funding round announced in September. This official filing signals a broader wave of anticipated tech-sector IPOs, coinciding with preparations by major firms like SpaceX and Anthropic.