AI chipmaker Cerebras has filed for an IPO, aiming to challenge industry giant Nvidia.  The Silicon Valleybased company reported a revenue of $136 million in the first half of 2024, a significant i...

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- AI chipmaker **Cerebras** has filed for an IPO, aiming to challenge industry giant **Nvidia**.
- The Silicon Valley-based company reported a revenue of **$136 million** in the first half of 2024, a significant increase from $8.6 million the previous year.
- Cerebras' chip is **56 times larger** than common AI chips, potentially offering faster data processing.
- CEO **Andrew Feldman** expressed confidence in taking significant market share from Nvidia.
- The company's IPO could break the drought of AI companies going public, amidst growing demand for AI products.

Source: [New York Times](https://www.nytimes.com/2024/09/30/technology/cerebras-ai-chips-ipo.html)

AI Chipmaker Cerebras Files for IPO, Aims to Challenge Nvidia

Journalist

AI Chipmaker Cerebras Files for IPO, Aims to Challenge Nvidia- Grapevine

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Shares in the Tokyo-based tech investor SoftBank gained as much as 3.2% reports that 66-year-old billionaire CEO Masayoshi Son is seeking funding for a foray into AI chips to compete with Nvidia Corp.

SoftBank stock rises on CEO’s plan for $100 billion AI chip project

The big bull is back. With a $100Bn chip project to beat NVIDIA for real.

Corporate Strategist

- I can't believe SK Hynix is dropping $75 billion on AI chips! 💸
- Are they really expecting a massive return on this? 🤔
- This could either revolutionize the industry or be a colossal failure. 😱
- Imagine the advancements in AI if this pays off! 🚀
- But what if it doesn't? Is this the end for SK Hynix? 😬

Is SK Hynix's $75 Billion AI Chip Investment a Game-Changer or a Risky Bet?

- Safe Superintelligence (SSI), co-founded by Ilya Sutskever, has secured $1 billion in funding.
- The funds will be used to acquire computing power and hire top talent.
- SSI is valued at $5 billion and has 10 employees split between Palo Alto and Tel Aviv.
- Investors include Andreessen Horowitz, Sequoia Capital, and DST Global.
- Sutskever aims to develop safe AI systems that surpass human capabilities. 

 Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/openai-co-founder-sutskevers-new-safety-focused-ai-startup-ssi-raises-1-billion-2024-09-04/)

OpenAI Co-founder Sutskever's New AI Startup SSI Raises $1 Billion

In other unrelated news, Nvidia order book grew by $800 million.

Program Manager

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Legend says Sama refused to learn DSA for Microsoft Interview after getting inspired by some Indian LinkedIn Influencers.

Can someone confirm if Sama was asked DSA in his Microsoft interview ?

He tried joining google, but couldn't invert a binary tree 🌲

Software Engineer

Software Developer

I'm thrilled to share our latest developments in our startup:
 We launched our prototype and it's gaining momentum! Our previous product, currently in stealth mode, has remarkable insights. 
However, the GPU usage costs have skyrocketed.

 Our new goal? To build an AI platform that serves as a cost-effective hub for training AI models. No one's tackling this issue, so we are the first ones to solve this issue. We already have some ties with the microchip manufacturer.

 Here's the thing: While we've been self-funded until now, we're now exploring seed funding. But there's a catch – we're cautious about accelerators and VCs. I have seen them undervalue my mate's company and prioritize quick revenue over steady growth.

So how should we go about it ?

I'll drop an example post for much clearer problem statement.

Exploring Seed Funding Options for Our AI Innovation

Time to Buy Nvidia Stocks

Feels a lot like the transition from Intel to Google. Software follows Hardware, and then gives multiple times returns.

Investment Associate

- OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.
- The company has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI.
- OpenAI's move to seek exclusive relationships with investors could limit rivals' access to capital and strategic partnerships.
- The company's latest funding round was led by Thrive, a venture capital firm founded by Joshua Kushner.
- OpenAI plans to use the new funding to double down on its leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.

Source: [Financial Times](https://www.ft.com/content/66e0653e-c446-47b2-8a7f-baa54ccbfb9a)

OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals

Hey everyone,

We've got an exciting journey ahead, and we're at a crossroads. Our AI startup is all set to take off, but we're fighting with an important question: should we seek funding for our startup ?

Here's the scoop: Our team is hard at work on a game-changing problem-solving service platform. Right now, we've got the skills to create the entire product, but most of us are Python enthusiasts, and we could use some extra hands with diverse talents to take our venture to the next level, which do require funding.

The story behind our decision to dive into the startup world is the success of our previous project. It gained some impressive traction, fueling our desire to turn it into a startup. But there's a hurdle on the horizon - funding. And also the investment landscape is in a bit of a winter chill right now. And we don't know much about the process of funding 😕. 

feel free to drop your advice in the comments below.

Should I look for funding for my AI startup ?

UX/UI Designer

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Has anyone witnessed the crazy streak of Nvidia? I purchased it for $165 in 2022. And sold it at $167 😂😂

Does anyone think TSMC can replicate the rally?

TSMC - Another NVIDIA in making?

Business Operations

Most AI startups

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Apple acquires DarwinAI

Product Manager

The startup I work at, in all of its existence, it has never given half a shit about AI. 

Now that the company is looking to raise its series C, over the last 2 months, all of the employees have been asked to build AI products so that the founders can sell this lollipop to investors and get a massive round. 

Guess what? it's working!

We'll soon close the next round by selling random nonsense in the name of revolutionary AI technology.

AI lollipop

Senior Product Manager

- Apple and Nvidia reportedly discussing investment in OpenAI's new funding round
- Thrive Capital expected to lead with $1 billion investment
- Microsoft, OpenAI's largest investor, likely to participate
- OpenAI's ChatGPT integration boosting Apple's AI strategy
- AI arms race driving high valuations and investments across industries 

 Source: [The Hindu](https://www.thehindu.com/sci-tech/technology/apple-nvidia-in-talks-to-join-openai-funding-round-reports-say/article68584312.ece/amp/)

Apple and Nvidia in Talks to Invest in OpenAI, Valuation Could Exceed $100 Billion

Nowadays, everyone is saying that AI will replace engineers, and it could be the reason for layoffs. This situation is making me more tense, especially as I'm primarily a frontend engineer (currently learning backend). If this is true, what should I do? Please guide me.

AI will replace Programmers/Engineer ?

- AI search engine **Perplexity** is reportedly in talks to raise around **$500 million** at an **$8 billion** valuation.
- This would more than double its previous valuation of $3 billion from a fundraising round with **SoftBank**.
- Perplexity currently handles about **15 million queries** daily and generates approximately **$50 million** in annualized revenue.
- Despite accusations of unauthorized web scraping and plagiarism, CEO **Aravind Srinivas** insists on working with publishers.
- The fundraising talks follow **OpenAI's** recent $6.6 billion round at a $157 billion valuation.

Source: [Techcrunch](https://techcrunch.com/2024/10/20/perplexity-is-reportedly-looking-to-fundraise-at-an-8b-valuation/)

AI Search Engine Perplexity Seeks $500M Funding at $8B Valuation

- AI customer service startup **Neuron7** has raised an oversubscribed **$44 million Series B** round led by Keith Block's venture firm, Smith Point Capital.
- Unlike other AI startups, Neuron7 focuses on complex service and repair operations, with clients like **NCR Atleos, Medtronic, and Lexmark**.
- The company uses open source language models to predict the likely cause of a problem and guide technicians through the repair process.
- Despite competition, Neuron7 has partnered with major players like **Salesforce, SAP, Microsoft, and ServiceNow**.
- With this funding, the company's valuation has increased by **5x** since its last round, and Keith Block will join as a board member.

Source: [Techcrunch](https://techcrunch.com/2024/10/15/how-customer-service-ai-startup-neuron7-convinced-keith-block-to-invest/)

AI Startup Neuron7 Raises $44M in Oversubscribed Series B Round

https://www.theverge.com/2024/2/15/24074151/openai-sora-text-to-video-ai

AI Chipmaker Cerebras Files for IPO, Aims to Challenge Nvidia

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