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AI News from ET - OpenAI to spend more than $20 billion on Cerebras chips, receive equity stake: The Information

Vishwadeep Khatri
in AI News & Two Lenses

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OpenAI has reportedly agreed to a significant deal with chip startup Cerebras, potentially worth over $20 billion across three years. This agreement, which could include an equity stake for OpenAI, aims to secure substantial computing power for AI model inference and development. Cerebras could disclose parts of its previously undisclosed arrangement ‌with OpenAI as soon as Friday, the report said.

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