cerebras
The Bootloader and the IPO Pop
Cerebras opened today and closed up 108 percent. The company raised $5.5 billion in the first huge tech offering of the year, and within hours the market had agreed the deal was underpriced by several billion dollars more. This is not price discovery. Price discovery happens when someone with one model of the future meets…
The Agent Wars Are a Filter Problem in a Trench Coat
Cerebras moved its IPO range up to a $4.8 billion raise. That is the number, but it is not the story. The story is that a chip company built specifically to train and serve very large models is being repriced upward in the same week that Meta and Google both publicly entered what the press…