Cerebras struck a major deal with OpenAI worth up to $10B and resisted an acquisition attempt by Nvidia, highlighting strategic demand for its Wafer Scale Engine 3. While NVIDIA remains the undisputed king of training and high-throughput data centers, Cerebras is carving out a high-value niche in the inference market.
Cyborg Score Rationale
Cerebras struck a major deal with OpenAI worth up to $10B and resisted an acquisition attempt by Nvidia, highlighting strategic demand for its Wafer Scale Engine 3. The company posted revenue of $78.7 million in 2023, which is more than triple the $24.6 million it generated in 2022, with $136.4 million coming in the first half of 2024 alone. The company is preparing for an initial public offering (IPO) in the second quarter of 2026.
Top Insights
In January 2026, Cerebras scored a $10 billion contract with OpenAI to provide the AI lab with 750 megawatts of computing power through 2028.
In May, Cerebras announced that it beats NVIDIA Blackwell in Llama 4 Inference with more than double the performance at more than 2,500 tokens per second/user on the 400B parameter Llama 4 Maverick model.
In April 2025, Meta announced a partnership with Cerebras to power the new Llama API, offering developers inference speeds up to 18 times faster than with traditional GPU-based solutions.
In March 2024, Cerebras introduced the CS-3 with the third-generation Wafer Scale Engine (WSE-3), which has 2x the performance of CS-2 and hosts 900,000 cores, with a CS-3 cluster capable of training an AI model like Llama2-70B in just one single day.
Named Competitors
Tensor — Leading AI accelerators for training and inference
EPYC AI — GPU and CPU solutions for AI computing
Groq — Low-latency inference AI processor
SambaNova — Specialized AI inference architecture
Recent Developments
(February 2026) Raised $1 billion Series H funding round at $23 billion valuation
(January 2026) Signed $10 billion deal with OpenAI for 750 megawatts of computing power through 2028
(September 2025) Announced API Certification Program with partnerships including Dataiku, Vercel, and Portkey
(July 2025) Unveiled Qwen3-235B with full 131K context support on inference cloud platform
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