OpenAI Reportedly Eyes $30 Billion Cerebras Chip Deal and Stake

OpenAI is continuing to diversify its computing capacity to reduce its reliance on Nvidia chips, while Cerebras is competing in the market with wafer-scale AI processors and servers. The proposed partnership could affect OpenAI’s model-computing costs and provide crucial support for Cerebras as it pursues an IPO and seeks to demonstrate its revenue-generating capacity to investors.

As of July 20, 2026, market reports said OpenAI had agreed to pay Cerebras more than $20 billion over the next three years to use its servers, with total spending potentially reaching $30 billion. OpenAI also reportedly plans to acquire a stake of about 10% through warrants. Neither company has publicly confirmed the transaction or an exact date for Cerebras’ IPO.