Cerebras Seeks Faster AI

This is a AI news story, published by MSN, that relates primarily to Andrew Feldman news.

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AI hardware companies

MarketWatch

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How the CEO of this upstart Nvidia rival hopes to seize on the lucrative market for AI chips

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Cerebras Systems co-founder Andrew Feldman likes to compare the current state of AI to the dial-up era of the internet.

Feldman is betting that the startup he co-founded with four engineers in 2016 can push AI faster in the future, for quicker, and smarter, results.

The company’s planned IPO could usher in an eventual wave of AI chip startups.

Nvidia has captured the lion’s share of AI revenue in semiconductors.

Broadcom is the next-biggest beneficiary, forecasting $12 billion in AI -related revenue in fiscal 2024 .

At 8 years old , Cerebras has a bit of a head start compared with some other AI chip startups.

Cerebras has a very interesting technology, but its systems are incredibly expensive, and expensive to build.

Its big customer in the United Arab Emirates , G42 , signed a $100 million deal in July 2023 , to deliver the first of a total of potentially nine AI supercomputers.

GSK is using an AI system to speed up drug discovery.

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