AI Challenger Cerebras Picks Morgan Stanley to Lead $2 Billion IPO Comeback
AI chipmaker Cerebras picks Morgan Stanley to lead its renewed IPO push, aiming to raise ~$2B as soon as April amid booming AI demand and a $23B valuation.
AI chipmaker Cerebras picks Morgan Stanley to lead its renewed IPO push, aiming to raise ~$2B as soon as April amid booming AI demand and a $23B valuation.
Oracle and OpenAI scrapped plans to expand the Stargate AI data center in Abilene, Texas. Meta now in talks to lease the site, with Nvidia facilitating.
Citi maintains Buy rating on RIOT stock with $23 price target after Q4 results highlight Riot's progress in turning its massive power assets into high-value data centers for AI and computing needs.
The US is considering capping AI chip exports like Nvidia's H200 and AMD's MI325 to just 75,000 units per Chinese company. This news is pressuring stocks amid ongoing trade tensions and global market worries.
Meta abandons its most advanced in-house AI training chip (Olympus) due to design struggles and shifts focus to simpler MTIA versions while securing multi-billion deals to rent Google TPUs and buy chips from AMD & Nvidia.
AMD is partnering with Nutanix, investing $150 million in equity and $100 million in cash to develop easy-to-use AI platforms. Nutanix also beat Q2 earnings expectations, reporting 10% revenue growth.