This week, AI chipmaker Cerebras Systems announced that it raised $1 billion in fresh capital at a valuation of $23 billion — a nearly threefold increase from the $8.1 billion valuation the Nvidia rival had reached just six months earlier. While the round was led by Tiger Global, a huge part of the new capital came from one of the company’s earliest backers: Benchmark Capital. The prominent Silicon Valley firm invested at least $225 million in Cerebras’ latest round, according to a person familiar with t ...

You open your AI chatbot. You type in your prompt and you hit enter. What happens next.We're pulling back the veil on the hidden backbone behind every AI response you see. Beneath the Oklahoma sky sits an unassuming concrete building. An AI factory built for one purpose.Speed. Heat. Heat.I'm standing in front of Cerebrus' brand new data center which they just did the ribbon cutting for and now they are serving 44 exaflops of new compute power to their customers. It is the fastest AI infrastructure on Earth ...

Key Points Nvidia's GPUs are the backbone of generative AI infrastructure. Cerebras believes its wafer-style chip designs can deliver processing speeds 20 times faster than what Nvidia offers. Cerebras had previously planned to go public, but has tabled its path to the public exchanges following a recent funding round. 10 stocks we like better than Nvidia › Over the past three years, Nvidia (NASDAQ: NVDA) evolved from a niche semiconductor player into the most valuable company in the world. The c ...