According to The Information, AI chip manufacturer Cerebras will go public this week with an IPO valuation of $5.5 billion, which could potentially bring OpenAI over $5 billion in gains. Cerebras' prospectus reveals that OpenAI can subscribe to its shares at a significantly low price, and is expected to hold nearly 3% of the equity post-IPO, with the potential to reach 11% in the future. Based on the latest valuation, OpenAI could acquire assets worth over $4 billion almost solely through purchasing computing power.
