Cerebras Systems, a rising artificial intelligence chip startup, took a bold step on Monday by filing for an initial public offering, aiming to list under the ticker symbol “CBRS” on Nasdaq. As it gears up to compete with the industry giant Nvidia, Cerebras is positioning itself as a formidable player in the increasingly competitive AI chip market.
Cerebras is best known for its WSE-3 chip, which the company boasts has more cores and memory than Nvidia’s widely popular H100. The WSE-3 is also physically larger, emphasizing its ability to handle complex AI models. In addition to selling its high-performance chips, Cerebras offers cloud-based services powered by its own computing clusters, further diversifying its offerings.
A Crowded Market
The AI chip market is rapidly expanding, with key players like Amazon, Google, and Microsoft developing their own AI chips to reduce reliance on external suppliers. While Nvidia dominates the space, Cerebras faces competition not just from Nvidia but also from AMD, Intel, and custom AI chips developed
