# Cerebras Targets $35B Valuation Backed by $20B OpenAI Commitment - Date: 2026-04-17 - Category: Artificial Intelligence OpenAI CEO Sam Altman sits on Cerebras' board and holds an early stake. His company just committed $20B+ to Cerebras—a chipmaker with $78.7M in annual revenue, now targeting a $35B valuation. Public investors get the prospectus. They don’t get the board briefings. ---