Cerebras risked it all on dinner plate-sized AI accelerators a decade ago. Today it’s worth $66 billion

Cerebras Systems raised $5.55 billion in an initial public offering, making the company worth over $66 billion on its first day of trading. The company's success is attributed to its radically different approach to chipmaking, including the development of wafer-scale AI accelerators. Cerebras' unique architecture has allowed it to achieve high performance in AI training.