OpenAI has struck a multibillion-dollar agreement to buy computing capacity from startup Cerebras Systems, which is backed by Chief Executive Sam Altman, the latest in a string of chip and cloud deals signed by the ChatGPT-maker.

OpenAI plans to use chips designed by Cerebras to power its popular chatbot, the companies said Wednesday. It has committed to purchase up to 750 megawatts of computing power over three years from Cerebras. The deal is worth more than $10 billion, according to people familiar with the matter. Cerebras designs artificial-intelligence chips that it says can run AI models and generate responses faster than industry leader Nvidia. OpenAI CEO Altman is a personal investor in Cerebras, and the two companies previously explored a partnership in 2017. News Corp, owner of The Wall Street Journal, has a content-licensing partnership with OpenAI.

Full report : OpenAI strikes a multibillion-dollar, three-year deal to buy 750 MW of computing capacity from Cerebras, which Sam Altman has backed; sources: it’s a $10 billion + deal.