Loading...
Market
What will be the revenue contribution from G42 to Cerebras Systems in the second half of 2024?
2
Resolution / Starting Odds
Less than 70% • 25%
70% to 80% • 25%
80% to 90% • 25%
More than 90% • 25%
Cerebras Systems' financial reports
Story
AI Chipmaker Cerebras Systems Files for $800 Million IPO, Ticker Symbol CBRS
Sep 30, 2024, 09:34 PM
Cerebras Systems, a California-based startup specializing in AI chips, has filed for an initial public offering (IPO) on September 30, 2024. The company, which is headquartered in Sunnyvale, plans to trade on the Nasdaq under the ticker symbol 'CBRS'. Cerebras Systems aims to challenge industry giant Nvidia in the artificial intelligence computing market. The startup reported a net loss of $66.6 million on $136.4 million in sales for the first half of 2024. Notably, Abu Dhabi-based G42 represents 87% of Cerebras' revenue. The company designs processors for AI training and inference, and its latest release, the Wafer Scale Engine, is making significant strides in outperforming competitors. However, the company faces challenges due to its reliance on SRAM, which may impact its ability to scale with next-generation multi-trillion parameter language models. The IPO is estimated to raise around $800 million.
View original story
Similar markets
Below $100 million • 25%
$100 million to $200 million • 25%
$200 million to $300 million • 25%
Above $300 million • 25%
Above $500 million • 25%
Between $300 million and $500 million • 25%
Between $100 million and $300 million • 25%
Below $100 million • 25%
Yes • 50%
No • 50%
<$500 million • 25%
$500 million - $1 billion • 25%
$1 billion - $1.5 billion • 25%
>$1.5 billion • 25%
Below $25 billion • 25%
$25 billion - $26 billion • 25%
$26 billion - $27 billion • 25%
Above $27 billion • 25%
Less than $5 million • 25%
$5 million to $10 million • 25%
$10 million to $15 million • 25%
More than $15 million • 25%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $1.5 billion • 25%
More than $1.5 billion • 25%
Above $30 billion • 25%
$28 billion - $30 billion • 25%
$26 billion - $28 billion • 25%
Below $26 billion • 25%
Below 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
Above 15% • 25%
Cloud hyperscalers • 25%
Enterprise sector • 25%
AI startups • 25%
Other • 25%
Under $500M • 25%
$500M - $1B • 25%
$1B - $2B • 25%
Over $2B • 25%
Less than $200 million • 25%
$200 million to $400 million • 25%
$400 million to $600 million • 25%
More than $600 million • 25%