OpenAI has signed a multi-year agreement with AI chipmaker Cerebras to secure about 750 megawatts of computing power. The deal is valued at more than $10 billion and marks one of OpenAI’s biggest infrastructure moves so far.

According to Cerebras, the supply of computing power will start this year and continue through 2028. Both companies said the partnership will help deliver quicker and smoother services to OpenAI’s users.

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OpenAI said in a blog post that the new systems will speed up responses that currently take longer to process. This means complex AI tasks could feel more real-time for users.

Cerebras co-founder and CEO Andrew Feldman compared the shift to a major internet upgrade. “Just as broadband transformed the internet, real-time inference will transform AI,” he said.

Cerebras has been around for more than a decade, but its profile rose sharply after the launch of ChatGPT in 2022 and the global AI boom that followed.

The company says its custom-built AI chips can outperform traditional GPU-based systems, including those commonly used by Nvidia, especially for large-scale AI workloads.

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Cerebras filed for an initial public offering in 2024 but delayed it several times. Despite this, it has continued to attract strong funding and is reportedly in talks to raise another $1 billion at a valuation of about $22 billion.

A notable link between the two firms is OpenAI CEO Sam Altman, who is an investor in Cerebras. In the past, OpenAI had also explored the idea of acquiring the chipmaker.