The goal of AI chipmaker Cerebras is to take advantage of investors’ ravenous appetite for Nvidia, currently valued at $3.3 trillion, by becoming the first significant venture-backed tech company to go public in the United States since April.
Even while Cerebras’s position in artificial intelligence infrastructure is a huge plus, the business faces obstacles in its quest to ride the Nvidia wave, chief among them being an excessive reliance on a single Middle Eastern client.
Cerebras is estimated to be worth $4 billion in 2021; through its IPO, the company hopes to almost treble that amount.
David Golden, who oversaw tech investment banking at JPMorgan Chase from 2000 to 2006 and is currently a startup investor at Revolution Ventures, stated in an interview this week that “there’s too much hair on this deal.” “Our underwriting committee never would have approved this.” With its 2016 launch, Cerebras debuted its first processor three years later.
The Sunnyvale, California-based company asserts that compared to Nvidia’s graphics processing unit, or GPU, its current technology is faster and more effective at training huge language models.
Source (CNBC)
