Cerebras Systems (CBRS) is accelerating its European expansion, announcing plans to bring its first European AI data center online by the end of 2026 while expanding total regional AI compute capacity to 200 MW by the end of 2027, with deployments planned across France and the Nordic region. A portion of this capacity is expected to support OpenAI workloads under their existing partnership agreement. On the first-quarter 2026 earnings call, management highlighted that CBRS is adding data center capacity across the United States, Canada and Europe, including France and the Nordics, while pursuing additional opportunities in Israel, the UAE, Australia, Singapore, India and Indonesia. In the first quarter of 2026, cloud and services revenues increased 167% year over year to $79.8 million (core basis). The company has a multi-year agreement to provide 750MW of AI inference capacity to OpenAI, with an option for OpenAI to purchase an additional 1.25 gigawatts, bringing potential deployment to 2 gigawatts by 2030. As of March 31, 2026, the company reported $25 billion of remaining performance obligations. Cerebras faces stiff competition from CoreWeave and NVIDIA, with CoreWeave planning to build more than 5 gigawatts (GW) of AI factory capacity by 2030 and recently expanding its European footprint through new AI cloud deployments in Stockholm, Sweden.