OpenAI has signed a multi-year deal with wafer-scale chip company Cerebras.

The deal, worth more than $10 billion according to CNBC, will see some 750 megawatts of computing power delivered through 2028.

Alongside directly selling its large chips, Cerebras offers them through its own data centers as a cloud service.

“OpenAI’s compute strategy is to build a resilient portfolio that matches the right systems to the right workloads," OpenAI's Sachin Katti said.

"Cerebras adds a dedicated low-latency inference solution to our platform. That means faster responses, more natural interactions, and a stronger foundation to scale real-time AI to many more people."

Generative AI company OpenAI uses a mixture of GPUs of different generations, from both Nvidia and AMD, as well as Google's TPUs. It is advising Microsoft on its Maia AI chip design, and is developing its own chips with Broadcom.

“We are delighted to partner with OpenAI, bringing the world’s leading AI models to the world’s fastest AI processor," Andrew Feldman, co-founder and CEO of Cerebras, said.

"Just as broadband transformed the Internet, real-time inference will transform AI, enabling entirely new ways to build and interact with AI models."

The company – which OpenAI considered teaming up with Tesla to buy back in 2017 – is looking to raise an additional $1 billion in funding at a $22bn valuation ahead of its planned IPO later this year.

The OpenAI deal will help diversify the chip designer away from the United Arab Emirates’ G42, which accounted for 87 percent of revenue in the first half of 2024.