Search results for Andrew Feldman
AI & Enterprise
Cerebras shares fall 14 percent after second earnings report since IPO
AI chip company Cerebras Systems raised its core revenue outlook for the current quarter and lifted its full-year forecast, but its shares fell about 14 percent in after-hours trading after its earnings report. The company guided quarterly core revenue of $214 million to $216 million, up from $210 million in the second quarter. It posted a second-quarter net loss of $450.5 million, citing stock-based compensation costs.
AI & Enterprise
AI demand is near limitless, industry figures say, as chip stocks swing
Industry figures pushed back against market worries that demand for AI infrastructure is slowing. They said companies are becoming more sensitive to AI costs, but underlying demand for computing power and data centres remains strong and continues to exceed supply. They viewed moves by Meta and xAI to sell or lease spare capacity as exceptions rather than a sign of weakening demand. Executives said firms are changing how they adopt AI, focusing on value and shifting toward open-source and task-specific models.
AI & Enterprise
AWS allies with Cerebras, targets AI inference market
Amazon Web Services has signed a multi-year partnership with AI chip startup Cerebras to offer Cerebras chips in its data centres, the Wall Street Journal reported. AWS plans to deploy Cerebras\' Wafer-Scale Engine chips alongside its Trainium chips for AI inference services. Cerebras says its chips can run the decode stage of inference up to 25 times faster than Nvidia GPUs. AWS and Cerebras plan to sell a top-speed inference service at premium prices.
