00:00 Speaker A
Here comes the huge IPO.
00:02 Speaker B
Yeah.
00:02 Speaker A
This seems to be the biggest event of the year.
00:04 Speaker B
so far.
00:05 Speaker A
They initially priced it at 150-160 per piece.
00:09 Speaker B
Yeah.
00:09 Speaker A
They chose 185.
00:12 Speaker B
Yeah.
00:12 Speaker A
That’s pretty funny. There they raised more than $5.5 billion. The market value of this is about 40 billion.
00:18 Speaker B
Yeah.
00:18 Speaker A
What’s different about Cerebras is that they basically make giant chips.
00:23 Speaker B
Yeah.
00:24 Speaker B
A physically large chip.
00:25 Speaker A
A physically large chip. On the other hand, what Nvidia has done to design something like Blackwell is to combine chips to increase computing power. Cerebra started there and built a big chip. The selling point, at least, is that the chip is better suited to run AI natively than existing chips on the market.
00:48 Speaker A
They have acquired two big customers: Open AI and some customers in the UAE or parts of the UAE.
00:54 Speaker B
Yeah. Yes, G42, a leading data center company in the United Arab Emirates.
00:58 Speaker A
Where does it close?
01:00 Speaker B
Oh, and $500 a share. I don’t know.
