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CEREBRAS OPENAI DEAL
SpaceX debut draws a crowd, but few recent hot IPOs outpace the marketWall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have ...- Nvidia Q1 earnings report preview: Can NVDA beat AI chip rivals AMD, Amazon, Google, and Cerebras again? The AI giant faces its most critical Wall Street moment of the yearNvidia Q1 earnings report: With $78.75B in expected revenue and rising competition from AMD, Cerebras, Amazon, and Google, Nvidia's Q1 FY20...
- Cerebras shares skyrocket in debut as AI mania grips marketsCerebras Systems, a chip designer, saw its shares surge 89% on its Nasdaq debut, raising $5.55 billion. The company's innovative wafer-scal...
- OpenAI chief Altman has over $2 billion stake in companies that dealt with OpenAI: court filingOpenAI CEO Sam Altman's significant investments in companies doing business with his AI firm have come under scrutiny. Court documents reve...
- Cerebras to raise IPO price range to $150-$160 as demand surgesCerebras Systems plans to increase its IPO size and price. Demand for its artificial intelligence chips is surging. The company is consider...
- OpenAI cofounder Greg Brockman discloses nearly $30 billion stake, financial ties to Sam AltmanCourt revelations show OpenAI President Greg Brockman holds a stake in the company worth almost $30 billion. He also has financial ties to ...
- Cerebras targets $26.6 billion valuation in US IPO as AI chip demand surgesChipmaker Cerebras is aiming for a significant valuation in its US initial public offering. The company's advanced AI chips are in high dem...
- Nvidia rival Cerebras discloses US IPO filing as AI boom drives listingsCerebras Systems revealed its filing for a US initial public offering on Friday, bringing the Nvidia rival closer to the public markets as ...
- OpenAI to spend more than $20 billion on Cerebras chips, receive equity stake: The InformationOpenAI has reportedly agreed to a significant deal with chip startup Cerebras, potentially worth over $20 billion across three years. This ...
- Bharti Airtel’s Nxtra gets $1 billion from Carlyle, Alpha WaveBharti Airtel is injecting one billion dollars into its data centre business, Nxtra Data Limited. Alpha Wave Global, Carlyle Group, and Anc...
- Cerebras Systems, Amazon strike deal to offer AI chips on AWS cloudAmazon Web Services and Cerebras Systems have joined forces. They will combine their computing chips in a new service. This service aims to...
- Nvidia plans new chip to speed AI processing: WSJNvidia plans to launch a new processor to help OpenAI and other clients run AI systems faster and more efficiently. The chip is for “infere...
- Intel strikes deal with a chip startup its CEO invested inIntel, which has lagged in making chips for artificial intelligence, is turning for help to a startup that its CEO helps lead as an investo...
- Chip startup Taalas raises $169 million to help build AI chips to take on NvidiaToronto-based chip startup Taalas said on Thursday it had raised $169 million and said it has developed a chip capable of running artificia...
- Big exits at Peak XV; SC slams Meta, WhatsAppThree managing directors at Peak XV Partners have left the building to launch their own investment fund. This and more in today's ETtech To...
- OpenAI is unsatisfied with some Nvidia chips and looking for alternatives, sources sayThe ChatGPT-maker's shift in strategy, the details of which are first reported here, is over an increasing emphasis on chips used to perfo...
- Amazon in talks to invest billions in OpenAI, source saysBig Tech companies are racing to forge partnerships with OpenAI, betting that closer ties with the artificial-intelligence startup would gi...
- Microsoft rolls out next generation of its AI chips, takes aim at Nvidia's softwareThe new "Maia 200" chip comes online this week in a data center in Iowa, with plans for a second location in Arizona, Microsoft said. It is...
- OpenAI signs $10 billion computing deal with Nvidia challenger CerebrasThis deal is worth more than $10 billion over the life of the contract, according to a source familiar with the matter. The ChatGPT maker p...
- Cerebras aims to deploy AI infrastructure for massive Stargate UAE data centre hubCalifornia-based Cerebras makes high-performance AI chips and systems designed to speed up the training and deployment of large AI models, ...
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