Cerebras, founded in 2016, has raised $740 million and is valued at $4.1 billion. The company claims its chips can train AI systems between 100 and 1,000 times faster than existing hardware. G42, which started working with Cerebras in 2021, plans to build a network of supercomputers across the world using Cerebras's technology. Despite the competition, Cerebras CEO Andrew Feldman remains optimistic, citing global demand for powerful chips and businesses' desire not to be locked in with only one supplier, such as Nvidia.
Key takeaways:
- The Silicon Valley start-up Cerebras has unveiled a new supercomputer built with the company’s specialized chips, which are designed to power artificial intelligence products.
- The supercomputer was built for G42, an A.I. company that plans to use it to create and power A.I. products for the Middle East.
- Demand for computing power and A.I. chips has skyrocketed this year, leading to a ferocious hunt for more of those technologies. Big tech companies and start-ups are developing their own alternatives to meet this demand.
- Cerebras plans to build two more supercomputers for G42 in the next year, and six more distributed across the world after that, creating a network called Condor Galaxy.