AI Fund Flows

Cerebras ↔ OpenAI: every deal

All 2 deals between Cerebras and OpenAI: $11B in total since Jan 14, 2026, with dates, status and sources. Updated Nov 9, 2026.

OpenAI → Cerebras
$11B
Jan 31, 2026Investmentclosed$1B
OpenAI → Cerebras · working capital loan, January 2026

On top of the compute contract (later revalued at over $20 billion), OpenAI gives Cerebras a $1 billion loan for working capital (exact date in January unknown).

Jan 14, 2026Cloud & servicesannounced$10B
OpenAI → Cerebras · over, 750 MW through 2028

OpenAI buys up to 750 MW of inference compute from Cerebras over three years, hosted in Cerebras data centers; value over $10 billion according to sources.