OpenAI to spend more than $20 billion on Cerebras chips, receive equity stake: Report

OpenAI has agreed to pay chip startup Cerebras more than $20 billion over the next three years to use servers powered by the company's chips, under a deal that could ⁠also give the ChatGPT maker an equity stake in the firm, The Information reported on Thursday, citing sources.

The development comes as OpenAI attempts to pull ahead in the AI race and meet growing demand. In January, the company agreed ⁠to buy up to 750 ⁠megawatts of computing capacity from Cerebras over three years in a deal valued at more than $10 billion.