Cerebras Systems, an AI chip startup, filed (PDF) for an IPO and 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.
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