OpenAI Deals With CoreWeave, Cerebras Could Leave It With $2.6 Billion in Equity Stakes
OpenAI's deals with CoreWeave and Cerebras could soon leave it with equity stakes in the two AI suppliers worth about $2.6 billion combined, according to The Information. The report said the company is turning its purchasing power into equity stakes in major AI suppliers.
The development adds detail to OpenAI's broader push to secure scarce computing power as AI demand rises. Earlier, Chief Financial Officer Sarah Friar said the ChatGPT maker may raise more capital even after what she described as the largest private fundraising round ever, and separate reporting said Sam Altman had discussed creating a new compute company that would raise capital with OpenAI as the majority shareholder.
From the sources (5 posts)
@alexeheathSources: Sam Altman has recently discussed starting a new compute company he’d raise capital for, with OpenAI as the majority shareholder. Stargate redux?
@zeffmaxRT @alexeheath: Sources: Sam Altman has recently discussed starting a new compute company he’d raise capital for, with OpenAI as the majori…
@mtsliveSITUATION BREWING: Sam Altman has reportedly been pitching a data center company that would be majority-owned by OpenAI. This follows Bloomberg reporting from earlier this year that OpenAI stepped back from plans to expand the Stargate in
@businessOpenAI Chief Financial Officer Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure scarce computing power to meet s
@theinformationOpenAI is turning its purchasing power into equity stakes in major AI suppliers. Its deals with CoreWeave and Cerebras could soon be worth about $2.6 billion combined. Read more: