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NicholasLewis
NicholasLewis
April 17, 2026

AI chip firm Cerebras secures a major three-year deal exceeding $2 billion with OpenAI, which also invests roughly $1 billion for data center development and gains warrants for up to a 10% stake. Cerebras is preparing for an IPO targeting over $35 billion valuation to raise about $3 billion, strengthening its position in the competitive AI hardware market.

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