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OpenAI to hold $2.6B in CoreWeave and Cerebras stock

OpenAI stands to hold roughly $2.6B in combined CoreWeave and Cerebras stock acquired through cloud service commitments, chip purchases, and a loan to Cerebras.

May 12 · · primary fetch1 sourceupdated May 12 ·

Cory Weinberg / The Information: OpenAI stands to hold ~$2.6B in combined CoreWeave and Cerebras stock that it acquired by committing to buy cloud services and chips, and to lend Cerebras money — Chipmaker Cerebras brought in one of the greatest pitchmen in tech, Sam Altman, to appear in a video to promote its $5.5 billion initial public offering.

read full article on techmeme.com
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  1. techmeme.comOpenAI stands to hold ~$2.6B in combined CoreWeave and Cerebras stock that it acquired by committing to buy cloud services and chips, and to lend Cerebras money (Cory Weinberg/The Information)primary