Alana Levin
@alanadlevin
Cerebras S1 feels like required reading for a pulse check on the AI industry Some notable stats - Revenue grew from $25M in 2022 to $79M in 2023 - First 6mo of 2024 have revenue of $136M - 87% of revenue came from 1 (!!) customer - That customer is G42, an AI holding co established in 2018 and based in the UAE - Cerebras itself was founded in 2016; didn't start generative revenue until 2019 - Cerebras had an operating loss of $42M for the first 6mo of 2024. With only $91M cash on the balance sheet, and having raised 6+ rounds of private financing, almost feels like going public is a last resort - Last private valuation was $4.25B (in 2021). Will be interesting to see where the public markets price it
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Jacob
@jrf
these stats are a roller coaster
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