Cerebras Systems, a company specializing in AI processor chips, has filed for IPO listing with the ticker symbol CBRS. They are known for their latest chip model, WSE-3, developed in partnership with TSMC, boasting more cores and memory than NVIDIA’s H100. Additionally, the company offers cloud services for its processing needs.
In the past year, Cerebras reported a revenue of $78.7 million and a net loss of $127.2 million. In the first half of this year, their revenue increased to $136.4 million with a reduced loss of $66.6 million. The company revealed that 83% of their revenue comes from key customers like G42, a Dubai-based AI firm with Microsoft as a significant investor, holding about 5% stake in Cerebras.
Source: CNBC
TLDR: Cerebras Systems, a leader in AI processor chips, files for IPO listing with ticker symbol CBRS. They reported significant revenue growth with key customer G42 contributing to 83% of their revenue.
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