Cerebras: What you need to know about the Nvidia competitor after wild IPO

Cerebras made a monster debut on Thursday that placed it among tech’s biggest-ever IPOs, amid a mad scramble to find alternative AI chips to the costly, sold-out graphics processing units made by Nvidia. Founded in Silicon Valley in 2016, Cerebras doesn't make GPUs — but a chip the size of a dinner plate. It’s a category of chips known as custom ASICs that are gaining traction because they excel at inference, crucial as agentic AI takes off. Here’s everything you need to know about the company.