Cerebras prices its IPO at $185 a share, expects to raise $5.5bn from sale
Share price above the expected range
Share price above the expected range
Series B round was co-led by Accel, Factorial Funds, and Peter Thiel’s Founders Fund
First time tool will be used for superconducting quantum applications in the US
Data center located in Yangpyeong-dong
Extended round brings total raised by the company to more than $350m
The company claims the Hanyuan-2 system is the first of its kind globally
Platform consists of six Nvidia H200 GPUs and 52 Nvidia L40S GPUs
The platform will support AI inference workloads across both public and private European initiatives
Company to take up Westbank's two data center projects in Vancouver
TU Delft spin-out raises pre-seed money
Broadcom’s investment in initial project phase reportedly tied to Microsoft purchase commitments
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Will be used to advance seismic imaging for hydrocarbon exploration
Second system deployed by the company in as many months
Chip giant extends accelerator peripheral lineup as it looks to meet bandwidth-booming workload demands
Company notes the fundraise ranks among the largest quantum Series A rounds globally
Round was co-led by DCVC and Kembara, with participation from new investors British Business Bank and Firgun
Chip giant also said customer demand for its new Arm AGI CPU has hit $2bn
Nordeen was the last cofounder to leave Elon Musk's business
McLean has previously worked at Analog Devices, Texas Instruments, and National Semiconductor
Highest capacity commercially available SSD
Company sees PNT as major growth area after investing significant capital into powering innovation in the field
Despite significant double-digit data center growth, total revenue remained flat quarter-on-quarter
All companies with which OpenAI has entered into business deals
Company’s shares surged by more than 15 percent to push it past the $1tn mark
Investors in the Series B round included Intel Capital, IQT, and ETF Partners
System’s compute performance is expected to exceed 25 petaflops
We love Nvidia chips, say Nvidia-backed firms