fintech / news / / Benzinga
OpenAI is reportedly paying AI chip startup Cerebras Systems more than $20 billion over three years.
OpenAI is paying Cerebras Systems over $20 billion in three years, doubling a prior agreement.
KEY POINTS
- 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
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