AI Chipmaker Cerebras Files For IPO To Take On Nvidia (cnbc.com)
(Monday September 30, 2024 @11:30PM (BeauHD)
from the new-challenger-appears dept.)
- Reference: 0175164273
- News link: https://slashdot.org/story/24/10/01/0030246/ai-chipmaker-cerebras-files-for-ipo-to-take-on-nvidia
- Source link: https://www.cnbc.com/2024/09/30/cerebras-files-for-ipo.html
Cerebras Systems, an AI chip startup, [1]filed (PDF) for an IPO and [2]plans to trade under the ticker "CBRS" on Nasdaq . CNBC reports:
> Cerebras competes with Nvidia, whose graphics processing units are the industry's choice for training and running AI models. Cerebras says on its website that its WSE-3 chip comes with more cores and memory than Nvidia's popular H100. It's also a physically larger chip. In addition to selling chips, Cerebras offers cloud-based services that rely on its own computing clusters. [...] In addition to Nvidia, Cerebras cites AMD, Intel, Microsoft and Google as competitors, "as well as internally developed custom application-specific integrated circuits and a variety of private companies." Taiwan Semiconductor Manufacturing Company makes the Cerebras chips. Cerebrus warned investors that any possible supply chain disruptions may hurt the company.
>
> Cerebras was founded in 2016 and is based in Sunnyvale, California. Andrew Feldman, the startup's co-founder and CEO, sold server startup SeaMicro to AMD for $355 million in 2012. The company said in 2021 that it was valued at over $4 billion in a $250 million funding round.In May, G42 committed to purchasing $1.43 billion in orders from Cerebras before March 2025, according to the filing. G42 currently owns under 5% of Cerebras' Class A shares, and the firm has an option to purchase more depending on how much Cerebras product it buys.
[1] https://www.sec.gov/Archives/edgar/data/2021728/000162828024041596/cerebras-sx1.htm#i6a62fccbc8aa4fa39c22dbb7af1721b1_662
[2] https://www.cnbc.com/2024/09/30/cerebras-files-for-ipo.html
> Cerebras competes with Nvidia, whose graphics processing units are the industry's choice for training and running AI models. Cerebras says on its website that its WSE-3 chip comes with more cores and memory than Nvidia's popular H100. It's also a physically larger chip. In addition to selling chips, Cerebras offers cloud-based services that rely on its own computing clusters. [...] In addition to Nvidia, Cerebras cites AMD, Intel, Microsoft and Google as competitors, "as well as internally developed custom application-specific integrated circuits and a variety of private companies." Taiwan Semiconductor Manufacturing Company makes the Cerebras chips. Cerebrus warned investors that any possible supply chain disruptions may hurt the company.
>
> Cerebras was founded in 2016 and is based in Sunnyvale, California. Andrew Feldman, the startup's co-founder and CEO, sold server startup SeaMicro to AMD for $355 million in 2012. The company said in 2021 that it was valued at over $4 billion in a $250 million funding round.In May, G42 committed to purchasing $1.43 billion in orders from Cerebras before March 2025, according to the filing. G42 currently owns under 5% of Cerebras' Class A shares, and the firm has an option to purchase more depending on how much Cerebras product it buys.
[1] https://www.sec.gov/Archives/edgar/data/2021728/000162828024041596/cerebras-sx1.htm#i6a62fccbc8aa4fa39c22dbb7af1721b1_662
[2] https://www.cnbc.com/2024/09/30/cerebras-files-for-ipo.html
I wish them the best of luck (Score:2)
Because maybe then I can buy a video card that can play modern games at decent frame rates for less than $600.
And I mean without using frame generation and AI upscaling trickery. Not looking for 4K I just want to run 1080p at 60. I miss the days when I could do that for $330 graphics card (inflation adjusted, remember the 1060? The RX 580?)