Yet, the company encounters significant hurdles, including its heavy reliance on a single Abu Dhabi firm for most of its revenue and concerns about historical connections to China. Cerebras CEO Andrew Feldman also carries a controversial past, having previously acknowledged bypassing accounting controls.
Had the acquisition materialized, both firms stood to gain. However, the organization has redirected its focus to assembling a team of chip designers and engineers, collaborating with semiconductor companies to craft an AI chip for model operations, potentially ready by 2026.
. Cerebras could have sidestepped the complexities of an IPO while OpenAI might have acquired a vital asset in its quest to develop internal chips and decrease dependence on Nvidia.
OpenAI had contemplated setting up a network of chip manufacturing plants and acquiring a target enterprise previously. Musk was financially linked to OpenAI at the time and exerted some influence over its decisions.
In a communication from September 2017 Sutskever stated “If we decide to acquire Cerebras my gut feeling is that we should go through Tesla.” Nonetheless he expressed reservations about aligning Tesla’s obligations to its shareholders with OpenAI’s mission. OpenAI had once mulled over the idea of acquiring Cerebras, an AI chip producer currently in the process of going public, according to recent legal disclosures.
Elon Musk’s legal action against OpenAI has brought to light that the organization had contemplated purchasing Cerebras circa 2017, shortly after Cerebras was founded and a few years after OpenAI’s inception.
In a correspondence to OpenAI CEO Sam Altman and Musk, Ilya Sutskever, one of OpenAI’s co-founders and former chief scientist, floated the notion of acquiring Cerebras through Tesla, Musk’s electric vehicle company né?. Ultimately, the acquisition fell through, and OpenAI shelved its chip aspirations for a time.
Based in Sunnyvale, California, Cerebras specializes in crafting bespoke hardware for AI model operations and training, asserting that its chips outperform Nvidia’s top offerings in AI tasks.
Having secured $715 million in venture capital, Cerebras aims to double its $4 billion valuation through an IPO né?
