# OpenAI is reportedly paying AI chip startup Cerebras Systems more than $20 billion over three years.

*fintech · news · 2026-04-17 · Benzinga*

## Key points

- OpenAI is paying Cerebras Systems over $20 billion in three years, doubling a prior agreement.
- OpenAI's deal structure allows compute costs to be booked as assets and interest income, not expenses.
- OpenAI can earn warrants for up to 10% of Cerebras if spending reaches $30 billion.
- OpenAI may use this financial model with other chip and cloud suppliers, reshaping capital reporting.
- Cerebras plans to refile for IPO soon at a $35 billion valuation, fixing its previous customer concentration issue.

**Companies:** OpenAI, Nvidia Corp., Cerebras Systems, Advanced Micro Devices Inc., Polymarket
**Countries:** United States, UAE

[Read the full story on Benzinga](https://www.benzinga.com/markets/prediction-markets/26/04/51888149/openais-20-billion-deal-sets-up-second-most-likely-ipo-after-spacex-what-do-prediction-markets-say)

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