computer-science
$60B AI chip darling Cerebras almost died early on, burning $8M a month
Key takeaways
- Today, Cerebras Systems is a public company that sells AI chips for inference to giants like Open AI and AWS.
- But in 2019, when it was three years old, it came dangerously close to failure – incinerating a shocking amount of money.
- We were spending about $8 million a month,” founder CEO Andrew Feldman told TechCrunch of that period. “At this point, we had incinerated nearly $200 million trying to solve one technical problem.”
Today, Cerebras Systems is a public company that sells AI chips for inference to giants like Open AI and AWS. It held a blockbuster IPO on Thursday, with both of its co-founders billionaires, and ended the week worth about $60 billion.
But in 2019, when it was three years old, it came dangerously close to failure – incinerating a shocking amount of money. It was trying to solve a technical problem no one in the semiconductor industry thought could be done.
We were spending about $8 million a month,” founder CEO Andrew Feldman told TechCrunch of that period. “At this point, we had incinerated nearly $200 million trying to solve one technical problem.”
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