FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
    Filters
      Symbols
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan

      OpenAI's $20 Billion Deal Sets Up Second Most Likely IPO After SpaceX: What Do Prediction Markets Say?

      OpenAI is reportedly paying AI chip startup Cerebras Systems more than $20 billion over three years, and Polymarket is pricing the deal as the final push Cerebras needs to go public.

      Polymarket traders now rank Cerebras as the second most likely company to IPO this year, at 93%, trailing only SpaceX. OpenAI sits far back at 38%.

      The deal doubles the size of a January agreement and hands OpenAI warrants that could convert into a 10% Cerebras stake if total spending hits $30 billion.

      The Working Capital Deposit Trick

      The unusual part is how OpenAI is booking it.

      The arrangement is reportedly structured as a “working capital deposit” rather than a traditional procurement contract. OpenAI is fronting Cerebras around $1 billion to build data centers, then booking that $1 billion as an asset on its balance sheet rather than expensing it.

      A portion of the ongoing chip payments may then be recorded as interest income.

      The result: compute costs that would ...

      Full story available on Benzinga.com


      Source: Benzinga
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud